The journal entries accompanying a cash dividend occur on:
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- Journal entries to record cash dividends are made on the: Select one: a. Declaration date and payment date. b. Declaration date and record date. c. Record date and payment date d. Payment date only e. Declaration date, record date, and payment dateOn which one of the following dates are dividend checks mailed? A. Declaration date B.Ex-dividend date C. Date of record D. Payment dateThe date on which a cash dividend becomes a binding legal obligation is the Group of answer choices declaration date date of record payment date last day of the fiscal year
- For each of the following items, identify whether the item is considered current or noncurrent, and explain why. Item Current or Noncurrent?CashInventoryMachinesTrademarksAccounts PayableWages PayableOwner, CapitalAccounts ReceivableWhat is the purpose of adjusting entries as they relate to the difference between cash accrual accounting?The date on which a cash dividend becomes a binding legal obligation is on the * O declaration date. O date of record. O payment date. last day of the fiscal year-end.
- Describe the declaration date, record date, and payment date for a cash dividend.On which financial statement would the ending balance of the account “accounts receivable” be found?a. Income statementb. Statement of retained earningsc. Balance sheetd. Statement of cash flowsA journal entry for cash dividends is not made on the ________.A. date of record.B. An entry is made on all of these dates.C. date of paymentD. date of declaration
- Accounts Receivable will appear on which of the following financial statements?a. Income statementb. Statement of retained earningsc. Balance sheetd. Statement of cash flowsUnder accrual accounting, revenue should be recognized and recorded on the income statement: Select one: O When cash is received O When earnedHow do modifying entries relate to the difference between cash accrual accounting and the difference between accrual accounting?