The authorization of share capital does NOT result in a formal accounting entry.
Correct Answer:
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Q28: A cumulative dividend feature will mean that
Q35: The authorization of share capital will have
Q37: No par value shares are shares that
Q38: Income tax expense is added to income
Q38: Common shares usually have a cumulative dividend
Q44: There is no obligation to pay dividends
Q51: When the retained earnings has a debit
Q52: Income tax expense is shown on the
Q53: Journal entries are made on the date
Q57: The amount of dividends paid is reported
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