Multiple Choice
Ordinary share dividends distributable
A) is a contra equity account.
B) is a current liability.
C) is reported as an addition to equity under Share capital-ordinary.
D) reduces total equity.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q102: Retained earnings that are restricted are unavailable
Q150: New Corp. issues 2,000 ordinary shares with
Q151: A shareholder who receives a share dividend
Q152: Richman Corporation has 120,000 ordinary shares with
Q153: Ordinary Share Dividends Distributable is reported as
Q155: If a shareholder receives a dividend that
Q156: Net income of a corporation should be
Q157: When share dividends are distributed,<br>A) Ordinary Share
Q158: On November 27, the board of directors
Q159: If the board of directors authorizes a