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Examen
ACCY 304 EXAM QUESTIONS AND 100% CORRECT ANSWERS
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---23diciembre 20232023/2024A+
- 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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