Day 32 - 76% Flashcards
1
Q
What happens to APIC and RE for a 5% stock dividend?
A
Increase and decrease
RE is reduced by FV of the stock and capitalized in APIC
MCQ-01523
2
Q
Property dividends are recorded at?
A
Fair Value
MCQ-01463
3
Q
How is the effect of an accounting principal that is inseparable from an accounting estimate be reported?
A
As part of income from continuing operations
MCQ-00038
