Question

July 15 Declared a cash dividend payable to common stockholders of $166,000. August 15 Date of record is August 15 for the cash dividend declared on July 15. August 31 Paid the dividend declared on July 15.

Answer 1

While the organization declares the dividend it will create a liability for the employer. legal responsibility is already created whilst the dividend is said on 15 July, therefore there may be no want to file the magazine access again on 15 August.

A cash dividend is the distribution of finances or cash paid to stockholders generally as part of the employer's cutting-edge earnings or amassed profits. cash dividends are paid directly in money, instead of being paid as a stock dividend or a different form of price.

Dividend earnings are described by using the IRS as any distribution of an entity's assets to its shareholders. whilst they are generally cash, dividends can also be in the form of stock or some other property. typically dividend earnings are the distribution of an organization's taxable profits to its investors.

To be eligible for dividends, you need to be preserving the inventory in your Demat account on the report date of the dividend issue. You must have offered the stock at least someday before the ex-date so that the stocks are brought for your Demat account with the aid of the report date.

Learn more about cash dividend here: brainly.com/question/25845157

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