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    Intermediate Accounting Study Set 12
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    Exam 3: Shareholders Equity
  5. Question
    The Balance in the Common Stock Dividend Distributable Account Should
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The Balance in the Common Stock Dividend Distributable Account Should

Question 45

Question 45

Multiple Choice

The balance in the Common Stock Dividend Distributable account should be reported as a(n)


A) deduction from the Common Shares account.
B) addition to contributed capital.
C) current liability.
D) contra-asset.

Correct Answer:

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