Why is the term liquidating dividend used to describe cash dividends debited against contributed capital accounts?

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Financial Accounting Information For Decisions

ISBN: 9780072974720

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Authors: John J Wild

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Question Posted: Jun 21, 2024 09:04 AM

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Why is the term liquidating dividend used to describe cash dividends debited against paid-in capital accounts?
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Why is the term liquidating dividend used to describe cash dividends debited against contributed capital accounts?

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Financial Accounting Information For Decisions

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