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22. Which of the following statements is false? a. A dividend payable in shares of the issuing company's stock is not reported as a current

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22. Which of the following statements is false? a. A dividend payable in shares of the issuing company's stock is not reported as a current liability. b. Interest and dividends accrue as a liability as time passes. c. The declaration of a dividend may not result in a current liability d. Undeclared dividends in arrears on cumulative preferred stock are not recognized as a liability

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