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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.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 11Q: Explain how the following items affect equity: revenue, expenses, investments by owners, and...
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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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