(a) Where should a declared but unpaid cash dividend be reported on the balance sheet? (b) Where...

Question:

(a) Where should a declared but unpaid cash be reported on the balance sheet?
(b) Where should a declared but unissued stock be reported on the balance sheet?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...