Quiz 17.89 & 18.29 – Accumulated Other Comprehensive Income
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Which of the following statements about accumulated other comprehensive income (OCI) is accurate?
Which of the following statements about accumulated other comprehensive income (OCI) is accurate?
Paid-in capital can include amounts invested by non-shareholders.
Mandatorily redeemable preferred stock is classified as a liability on financial statements. True or false?
Preferred stock typically has priority in receiving dividends and liquidation payments compared to other classes of stock.
Any restrictions on retained earnings should be presented on the balance sheet.
As of the record date, cash dividends become a legally binding obligation.
Dividends in arrears for cumulative preferred stock are considered liabilities to be paid in the future.
GAAP guidelines may necessitate the recognition of a gain or loss upon the declaration of a property dividend if the fair value of the property varies from its book value on the date of declaration.
What is the definition of a small stock dividend?
What is the effect of a 10% stock dividend on retained earnings and paid-in capital?