Examlex
A taxpayer that receives boot in a like-kind exchange resulting in a gain recognizes as gain the lesser of the fair market value of the boot received or the gain realized.
Common Stock Dividends Distributable
A liability account representing the amount of dividends declared by a corporation on common stock that have not yet been paid to stockholders.
Paid-in Capital
The total amount of money and other assets that shareholders have given a company in exchange for shares of stock.
Stockholders' Equity Section
The portion of the balance sheet that represents the ownership interest of shareholders in a company.
Date of Record
The specific date on which a company determines the eligible shareholders for receiving dividends or other corporate distributions.
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