Question

investment made in securities nagulo Bakery of Rs300000 by issuing chewue on which 10%cash divident received at the end of the year​

Answer 1

Answer:

The three relevant dates involving cash dividends are the declaration date, date of record, and payment date. 1. On the declaration date the board of directors announces the intention to pay the dividend. The declaration of a cash dividend creates an obligation (liability) for the corporation