17. Dividends are recognized in profit or loss only when:a. The amount of the divident can be measured reliablyb. The entity's right to receive payment of the dividend is establishedc. It is probable that the economic benefits associated with the dividend will flow to the entity.d. All of these

Dividend means the amount given to shareholder of the company as profit distribution by company.

Answered: 17. Dividends are recognized in profit…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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17. Dividends are recognized in profit or loss only when: a. The amount of the divident can be measured reliably b. The entity's right to receive payment of the dividend is established c. It is probable that the economic benefits associated with the dividend will flow to the entity. d. All of these