Question
If a shareholder receives more than a proportionate share of the assets of a liquidating corporation, the excess is treated as a payment received that
If a shareholder receives more than a proportionate share of the assets of a liquidating corporation, the excess is treated as a payment received that is attributable to those shareholders who receive less than their proportionate share.
| a) True | |
| b) False |
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Fundamentals Of Cost Accounting
Authors: T.R.Sikka
7th Edition
8130918706, 978-8130918709
