Question: Dividends based on other than retained earnings are sometimes described as liquidating dividends. True False

Dividends based on other than retained earnings are sometimes described as liquidating dividends.
True
False
Dividends based on other than retained earnings are sometimes described as

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Three bars, each of mass 3 kg, are welded together and pin-connected to two links BE and CF. Neglecting the weight of the links, determine the force in each link immediately after the system is...

Q:

Question Content Area Liquidating dividends must be charged against the capital stock accounts because the corporation's retained earnings are appropriated for future business expansion. True False

Q:

It is the date of the declaration of dividends, not the date of dividend payment, that affects retained earnings and creates the liability. Select one: True False It is the date of the declaration of...

Q:

Jones Corporation has 20,000 shares of $5 par value common stock outstanding and 10,000 shares of 10% $10 par value cumulative preferred stock outstanding. The board of directors has approved cash...

Q:

True/False Indicate whether the statement is true or false. ____ 1. In accounting, to value means to record a transaction or event. ____ 2. The recognition issue deals with when a business...

Q:

Please help with this test! Question 1 Upon the date of declaration of a dividend, the corporation has incurred a liability for the dividend . True False 3 points Question 2 A corporation generally...

Q:

Hello, I have 50 questions that i need answered by Sat. they are listed below: Question 1 The "double taxation" of corporate income refers to the fact that corporate income is taxed at both the...

Q:

At the beginning of 2015, Elixir Inc. has the following ledger balances: During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000, and $18,000 has been...

Q:

1. The accounting equation is Assets = 2. The Sweet Smell of Success Fragrance Company borrowed $60,000 from the bank to be paid back in five years and used all of the money to purchase land for a...

Q:

Question 22 1 pts Liquidating dividends are similar to stock dividends because they both reduce Retained Earnings O True O False Question 23 1 pts You may use either the cost method or the market...

Q:

TRUE OR FALSE. Use the separate answer sheet. 1 . If the effective ( market ) interest rate is less than the coupon ( stated ) interest rate on the date that bonds are sold, the bond price will be...

Q:

1. Rationalize the following fractions: 5-1 b) 3-3 2. Solve the following using factoring: a) 2x7x+6=0 b) 2x + x = 21 c) 9x-4=0 2. Solve the following using quadratic formula (x = a) 3x2x-1=0...

Q:

Clampett, Inc. has been an S corporation since its inception. On July 15, 2017, Clampett, Inc. distributed $50,000 to J. D. His basis in his Clampett, Inc. stock on January 1, 2017, was $30,000. For...

Q:

Bills CMB Price per $ 1 0 0 1 7 - Week No $ 9 8 . 6 1 0 0 1 4 What is the discount on this T - Bill at issuance? 4 . 3 4 1 % 4 . 2 0 5 % 4 . 2 5 0 % 4 . 3 2 3 %

Q:

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...