(a) Three dates are important in connection with cash dividends. Identify these dates, and explain their significance...

Question:

(a) Three dates are important in connection with cash dividends. Identify these dates, and explain their significance to the corporation and its stockholders.

(b) Identify the accounting entries that are made for a cash dividend and the date of each entry.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... 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...