Dividends in arrears are reported as current liabilities on the balance sheet.
Answer the following statement true (T) or false (F)
False
Dividends are not liabilities until they are declared by the board of directors.
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List the four steps involved in planning an oral presentation
What will be an ideal response?
Which of the following statements is false?
a. Purchase of equipment is an investing cash outflow. b. Sale of equipment creates investing cash outflow equal to its selling price. c. Purchase of short-term investments is an investing cash outflow. d. Purchase of a patent is an investing cash outflow.
______ is the leader’s officially sanctioned authority to ask others to do things.
A. Coercive power B. Legitimate power C. Expert power D. Reward power
Outlook Department Store's accounts receivable balance after posting net collections from customers for 2012 is $180,000. The customers took advantage of sales discounts of $15,000. Management aged the accounts receivable and estimate for uncollected account percentages as follows: $90,000 Current at 2% $50,000 1-30 days past due at 5% $30,000 31-60 days past due at 10% $10,000 60+ days past due
at 25% The net realizable value of the accounts receivable is: A) $173,200. B) $170,200. C) $172,700. D) $180,000.