A corporation declares a stock dividend on December 21 and reports Stock Dividend Payable as a liability
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A corporation declares a stock dividend on December 21 and reports Stock Dividend Payable as a liability on the December 31 balance sheet. Is this correct? Give your reason.
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Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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