Q129
Dividends are payable to the _________.
A.
Share holders
AnswerB.
Debenture holders
C.
Registrar of the company
D.
Board of directors
Answer: Option A
Solution
Answer: Option A
Solution:
Dividends are payable to the Share holders. Dividends payable are dividends that a company's board of directors has declared to be payable to its shareholders. Until such time as the company actually pays the shareholders, the cash amount of the dividend is recorded within a dividends payable account as a current liability.