Question: M 6 LO 7 When does a cash dividend become a legal liability? On date of declaration. On date of record. On date of payment.

M6LO7
When does a cash dividend become a legal liability?
On date of declaration.
On date of record.
On date of payment.
When the company buys back its own stock.
It never becomes a liability.
M 6 LO 7 When does a cash dividend become a legal

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