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    Accounting Study Set 4
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    Exam 13: Corporations: Organization, Stock Transactions, and Dividends
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    The Date on Which a Cash Dividend Becomes a Binding
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The Date on Which a Cash Dividend Becomes a Binding

Question 39

Question 39

Multiple Choice

The date on which a cash dividend becomes a binding legal obligation is the


A) declaration date
B) date of record
C) payment date
D) last day of the fiscal year

Correct Answer:

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