Which of the Following Statements About Property Dividends Is FALSE

question 67

Multiple Choice

Which of the following statements about property dividends is FALSE?

• A) A property dividend is a nonreciprocal transfer of nonmonetary assets.
• B) A property dividend is also called a dividend in kind.
• C) The accounting for a property dividend should be based on the carrying value (book value) of the nonmonetary assets transferred.
• D) The accounting for a property dividend should be based on the fair value of the nonmonetary assets transferred.

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Definitions:

Reasonable Expectations

A legal standard used to assess what an average person might anticipate in a given set of circumstances.

ADA

Americans with Disabilities Act; a civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life.

Reasonable Accommodations

Modifications or adjustments to a job, the work environment, or the way things are usually done to enable individuals with disabilities to enjoy equal employment opportunities.

Essential Functions

Core duties or tasks of a job that are necessary to carry out the position's purposes and requirements.