a -

On the dividend record date,

Select one:

a dividend becomes a current obligation.

no entry is required.

an entry may be required if it is a stock dividend.

Dividends Payable is debited.

b - Which principle dictates that efforts (expenses) be recorded with accomplishments (revenues)?

Select one:

Historical cost principle.

Periodicity principle.

Revenue recognition principle.

The matching principle.

c -

The operating expenses section of an income statement for a merchandising company would not include

Select one:

Freight-out.

Utilities expense.

Cost of goods sold.

Insurance expense.