Which of the following statements is not true?
A)A dividend payable in shares of the issuing company's stock is not reported as a current liability.
B)Interest and dividends accrue as a liability as time passes.
C)The declaration of a dividend may not result in a current liability.
D)Undeclared dividends in arrears on cumulative preferred stock are not recognized as a liability.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is not true?
A)A dividend payable in shares of the issuing company's stock is not reported as a current liability.
B)Interest and dividends accrue as a liability as time passes.
C)The declaration of a dividend may not result in a current liability.
D)Undeclared dividends in arrears on cumulative preferred stock are not recognized as a liability.

Which of the Following Statements Is Not True