Matkom Corporation declared a $0.12 per share in dividends o…
Matkom Corporation declared a $0.12 per share in dividends on February 15, 2020 to its common shareholders. Matkom Corporation had 5,000,100 authorized shares, with 2,600,000 issued, and 56,000 shares of treasury stock on February 20, 2020 (the date of record). Due to the entry to record the dividend payment (on February 28th), which of the following statements is true?