Which of the following statements is false?
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 false?
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 False