Three dates associated with Goff Companys cash dividend are May 1, May 15, and May 31 Discuss the significance of each date and give the entry at each date ...

May 1 is the date on which the board of directors formally declares authorizes and announces t ...

Three dates associated with Goff Companys cash dividend are May 1, May 15, and May 31. Discuss

Question:

Three dates associated with Goff Company’s cash are May 1, May 15, and May 31. Discuss the significance of each date and give the entry at each date.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...