Question: 1 . The _ _ _ _ _ is the date the board of directors formally authorizes the payment of the dividend. declaration date record

1.The _____ is the date the board of directors formally authorizes the payment of the dividend.
declaration date
record date
payment date
None of these are correct.
abcd
2.A stock dividend _____ the assets, liabilities, or total stockholders' equity of a corporation.
does not change
increases
decreases
None of these are correct.
abcd
3.The declaration date journal entry for a cash dividend would include _____.
a debit to Cash
a credit to Cash
a credit to Cash Dividends Payable
no entry is needed on this date

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