Answered: Which of the following are recognized…

Business

Accounting

Which of the following are recognized as liability? I. Cash dividends

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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Question

Which of the following are recognized as liability?
I. Cash dividends payable
II. Share dividends distributable
III. Scrip dividends payable
IV. Property dividends payable

a. All are recognized as liability.

b. I and II only.

c. I and III only

d. I, II and IV only

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