Exam (elaborations)
ACCY 304 EXAM QUESTIONS AND 100% CORRECT ANSWERS
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What are the types of dividends? CORRECT ANSWER- property and liquidating What are property dividends? CORRECT ANSWER- dividends payable in assets other than cash How do you restate property dividends? CORRECT ANSWER- at fair value the property it will distribute, recognizing any gain or loss What are liquidating dividends? CORRECT ANSWER- any dividend not based on earnings (reduces corporate PIC, NOT RETAINED EARNINGS
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Institution
ACCY 304
Course
ACCY 304
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Written for
- Institution
- ACCY 304
- Course
- ACCY 304
Document information
- Uploaded on
- December 17, 2023
- Number of pages
- 23
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
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accy 304 exam questions and 100 correct answers
-
what are the types of dividends
-
what are property dividends
-
how do you restate property dividends
-
what are liquidating dividends
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