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10. (TCO F) Which of the following statements about property dividends is not true? (Points : 5) A property dividend is usually in the form

10. (TCO F) Which of the following statements about property dividends is not true? (Points : 5)

A property dividend is usually in the form of securities of other companies.

A property dividend is also called a dividend in kind.

The accounting for a property dividend should be based on the carrying value (book value) of the nonmonetary assets transferred.

All of the above

(TCO D) An example of an item that is not a liability is (Points : 5) dividends payable in stock. advances from customers on contracts. accrued estimated warranty costs. the portion of long-term debt due within

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