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Share dividends distributable should be classified on the O income statement as an expense. statement of financial position as an asset. statement of financial position as a liability. statement of financial position as an item of equity.

Share dividends distributable should be classified on the O income statement as an expense. statement of financial position as an asset. statement of financial position as a liability. statement of financial position as an item of equity.

FINANCIAL ACCOUNTING
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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Share dividends distributable should be classified on the O income statement as an expense. O statement of financial position as an asset. O statement of financial position as a liability. statement of financial position as an item of equity.
Transcribed Image Text:Share dividends distributable should be classified on the O income statement as an expense. O statement of financial position as an asset. O statement of financial position as a liability. statement of financial position as an item of equity.
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