Question: 1. What is the difference between dividends which are paid out of the corporations capital and dividends paid out of the corporations earnings? 2. What

1. What is the difference between dividends which are paid out of the corporation’s capital and dividends paid out of the corporation’s earnings?

2. What is the relevance of these dates: 

(a) Date of declaration, 

(b) Date of record, 

(c) Date of payment, in accounting for dividends?

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