True/False
Dividends in a corporation are the equivalent of drawings in a proprietorship.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q156: Moreland Holdings Inc. has authorized share capital
Q157: The trial balance of Terris Inc. for
Q158: A cash dividend account is never closed
Q159: Baden Corporation is a publicly held corporation
Q160: The date at which ownership is determined
Q162: The shareholders of a corporation pay tax
Q163: The dominant form of business organization in
Q164: A credit balance in retained earnings represents<br>A)
Q165: The authorization of share capital does not
Q166: Shares can be issued only in exchange