Marigold Corp. has $ 16000 of dividends in arrears. Based on this information, which of the following

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Marigold Corp. has $16000 of dividends in arrears. Based on this information, which of the following statements is false?

Dividends in arrears are not considered to be liabilities.

An obligation for dividends in arrears exists only after the board of directors declares payment.

The amount of dividends in arrears should be disclosed in the notes to the financial statements.

The investment community looks favorably on companies with dividends in arrears, since the money is redirected toward more important growth opportunities.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Feb 13, 2022 04:22 PM

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Marigold Corp. has $ 16000 of dividends in arrears. Based on this information, which of the following

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A dividend in arrears is a dividend payment associated with a cumulative preferred stock that has no... View the full answer

Accounting concepts and applications

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