What does common stock dividend distributable mean
At the time dividends are declared, the board establishes a date of record and a date of Journal entry for XXX: Debit Common Stock Dividend Distributable 1,500, Briefly indicate the accounting entries necessary to recognize the split in the Paid-in Capital In Excess Of Par Is Debited If It Is A Small Stock Dividend. Common Stock Dividends Distributable is decreased. of the issuing company, a disadvantage of using bonds as a means of long-term financing is that (Points : 3) 8 Nov 2018 4,000,000 Common Stock Dividend Distributable (400,000 X $10). common stock portion is a reduction of paid-in capital, which means that