Business, 23.01.2020 21:31, kirstenturkington
The declaration of a cash dividend causes stockholders' equity to decrease but has no immediate effect upon corporate assets.
true/false
Answers: 3
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Business, 22.06.2019 16:50, bri663
Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
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