Which of the Following Is True

question 18

Multiple Choice

Which of the following is true?

• A)The declaration of a stock dividend gives rise to a liability.
• B)Stock dividends are revocable by the board of directors at any time before they are issued.
• C)Undeclared dividends in arrears on cumulative preferred shares are recorded as a liability.
• D)No note disclosure is required for the declaration of a stock split.

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Authorities

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