The Balance in Ordinary Share Dividend Distributable Should Be Reported

question 32

Multiple Choice

The balance in Ordinary Share Dividend Distributable should be reported as a(n)

• A)deduction from share capital-ordinary.
• B)addition to share capital-ordinary.
• C)current liability.
• D)contra current asset.

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Definitions:

Oranges

A citrus fruit rich in vitamin C, grown in warm climates, and consumed either fresh or in juice form.

Peaches

Edible juicy fruits with fuzzy skins and a sweet taste, often grown in temperate regions.

Absolute Advantage

The skill of a person, business, or nation to generate a product or offer a service more affordably per unit than any other competitor.

Cell Phones

Portable electronic devices used for communication purposes.