Chapter 11A Flashcards
This is the portion of the earnings of an entity that was distributed to the shareholders.
Dividend
This is cash received from the investee.
Cash dividends
This is non cash asset that is received from the investee.
Property dividends
This is normally received during liquidation or form time to time if the investee is a wasting asset entity.
Liquidating Dividends
This is the own shares of the investee are that is received.
Share dividends
Who has the power to declare dividends?
Board of Directors
When are dividends actually received?
Date of Payment
This is the time when the investor’s right to receive dividends are established.
Date of declaration
This the date when the names of investors that are entitled to receive the dividends are determined.
Date of record
True or False: Cash dividends are always recognized in profit or loss whether the related investment in equity securities is accounted for at FVTPL or FVTOCI.
True
This is the date when he declared dividend is not anymore attached to the related shares. This is usually set one business day before the date of record.
Ex-dividend date
