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Which of the following statements regarding the date of a cash dividend declaration is not accurate?
a. the dividend can be rescinded once it has been declared.
b. the corporation is committed to a legal, binding obligation.
c. the board of directors formally authorizes the cash dividend.
d. a liability account must be increased.
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Answers: 3
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Which of the following statements regarding the date of a cash dividend declaration is not accurate?...
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