Friday, March 1, 2019

Dividends payable in assets of the corporation other than cash are called property dividends or dividends in kind.

Dividends payable in assets of the corporation other than cash are called property dividends or dividends in kind.



Answer: true

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Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

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