The Payment Date for a Dividend Is the Date on Which

Multiple Choice

The payment date for a dividend is the date on which the company:

A) debits Dividends Declared and credits Dividends Payable for the amount of the dividend.
B) debits Dividend Expense and credits Cash for the dividend amount.
C) debits Dividends Payable and credits Cash for the dividend amount.
D) establishes who will receive the dividend payment.