Dividends in arrears are required to be reported in:
A) A liability account
B) A contra-equity account
C) The stockholders' equity section of the balance sheet
D) The notes to the financial statements
Answer: D
Dividends in arrears are required to be reported in:
A) A liability account
B) A contra-equity account
C) The stockholders' equity section of the balance sheet
D) The notes to the financial statements
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