Elance Exams Answers PDF file

-- PDF FILE --
Download PDF file of elance Zoho Creator Exam Answers

Reggy Company expects to have a record year, with net income increasing by 20 percent. Reggy would like to share this increase with stockholders, how would Reggy record this? As a:

dividend payable in the current liabilities section of the balance sheet.
dividend payable in the stockholders section of the income statement.
contingent liability as the payment is not reasonably estimable and the stockholders will not be known until the payment date.
dividend expense in the operating section of the income statement.
  • Follows us our servcies
  • Facebook icon
  • Linkedin icon
  • twitter icon
  • rss icon
  • social icon