Dividends are recognized in profit or loss only when: a. the entity's right to receive payment...
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Dividends are recognized in profit or loss only when: a. the entity's right to receive payment of the dividend is established; D. it is probable that the economic benefits associated with the dividend will flow to the entity; and C the amount of the dividend can be measured reliably. 3 of the qualifications above must be met to be recognized as Dividends Revenue. Which of the following dividends were recognized in profit or loss? a. Cash Dividends b. Property Dividends c. Share Dividends Dividends are recognized in profit or loss only when: a. the entity's right to receive payment of the dividend is established; D. it is probable that the economic benefits associated with the dividend will flow to the entity; and C the amount of the dividend can be measured reliably. 3 of the qualifications above must be met to be recognized as Dividends Revenue. Which of the following dividends were recognized in profit or loss? a. Cash Dividends b. Property Dividends c. Share Dividends
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The Correct option is C The amount of the dividends can be measured reliably Explan... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
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