missyannabidYoo1958 missyannabidYoo1958
  • 06-12-2022
  • Business
contestada

Dividends payable is recorded as a credit on the ____________ date and is approved by the board of directors

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jannanikannan
jannanikannan jannanikannan
  • 06-12-2022

Answer:

Therefore, the dividends payable account – a current liability line item on the balance sheet – is recorded as a credit on the date of approval by the board of directors.

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