The Canada Business Corporations Act requires that the value assigned to the share dividend be equal to
Question:
The Canada Business Corporations Act requires that the value assigned to the share dividend be equal to which of the following:
a. The market value of the shares on the date of issuance
b. The market value of the shares on the date of declaration
c. The book value of the shares on the date of issuance
d. The book value of the shares on the date of declaration
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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