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Which of the following statements about dividends in arrears is correct? Dividends in arrears do not appear on the balance sheet or require a journal
Which of the following statements about dividends in arrears is correct?
Dividends in arrears do not appear on the balance sheet or require a journal entry.
Dividends in arrears are not disclosed to stockholders.
Dividends in arrears applies to common stock.
Dividends in arrears are legal liabilities.
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