If the Statement of Financial Position Is Prepared After a Stock

question 90

Multiple Choice

If the statement of financial position is prepared after a stock dividend has been declared but before it has been distributed, the stock dividend distributable would be reported in the

• A)liabilities section.
• B)shareholders' equity section.
• C)assets section.
• D)It would not be reported in the statement of financial position.

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Definitions:

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Administration Fee

A charge paid to cover the administrative costs of processing or servicing a transaction, policy, or account.