Asked by
rebecca daniel
on Nov 14, 2024
Verified
Common Stock Dividends Distributable is classified as a(n)
A) asset account.
B) stockholders' equity account.
C) expense account.
D) liability account.
Common Stock Dividends Distributable
Amounts declared by a company to be paid as dividends to holders of its common stock, recorded as a liability until paid.
- Ascertain the components and arrangement of stock dividends and stock splits in financial documentation.
Verified Answer
CA
Learning Objectives
- Ascertain the components and arrangement of stock dividends and stock splits in financial documentation.