Stock Dividends Flashcards
1
Q
Small stock dividends ( less than 20%-25%) accounting
A
Based on FMV when declared.
Retained Earnings are are debited by amount of dividend x FMV
CPA FAR > Stock Dividends > Flashcards
Small stock dividends ( less than 20%-25%) accounting
Based on FMV when declared.
Retained Earnings are are debited by amount of dividend x FMV