Cash Dividends

Question 1

declaration date?

Answer 1

date which corporation announces its mention to pay dividends on common or preferred stock

Question 2

Date of recored?

Answer 2

Date which stockholders must own one or more shares in order to get the dividends

Question 3

payment date?

Answer 3

dividends paid

Question 4

journal entry date of dividends declaration

Answer 4

debit dividends
credit dividends payable

Question 5

journal entry date of payment

Answer 5

debit diviends payable
credit cash