Fundamental Accounting Principles Study Set 5
Quiz 13: Accounting for Corporations
A Bonus Issue or Share Dividend Reduces a Corporation's Assets
A bonus issue or share dividend reduces a corporation's assets and its shareholders' equity.
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A bonus issue or share dividend is a distribution of corporate assets that returns part of the original investment to shareholders.
Recording of a bonus issue or share dividend does not result in a liability being recorded.
A share split increases total shareholders' equity.
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