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PROBLEMS PROBLEM 1: TRUE OR FALSE According to IFRIC 17, the liability to pay cash dividends is recognized at the date when the entity's management

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PROBLEMS PROBLEM 1: TRUE OR FALSE According to IFRIC 17, the liability to pay cash dividends is recognized at the date when the entity's management declares the dividends. 2. Generally, once declared, a cash dividend on ordinary shares becomes a liability of the corporation. 3. Preference dividends in arrears should not be accrued as a liability. 4. Preference dividend declared but not yet paid should be disclosed only in the foot

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