Question
Pepsi owns 40% of the outstanding shares of Lipton. On June 30, 2020, Pepsi's Board of Directors distributed 15% of these shares to its stockholders.
Pepsi owns 40% of the outstanding shares of Lipton. On June 30, 2020, Pepsi's Board of Directors distributed 15% of these shares to its stockholders. Pepsi should report the dividend as a
| A. Small stock dividend | ||
| B. Large stock dividend | ||
| C. Property dividend | ||
| D. None of these. |
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Fraud Examination And Prevention
Authors: W. Steve Albrecht, Chad O. Albrecht
1st Edition
053872689X, 978-0538726894
