(a) Where should a declared but unpaid cash dividend be reported on the balance sheet?(b) Where...

Question

(a) Where should a declared but unpaid cash dividend be reported on the balance sheet?(b) Where should a declared but unissued stock dividend be reported on the balance sheet?

Robert · Accepted Answer

(a) Where a declared but unpaid cash dividend should be reported on the 
balance sheet?
Dividend which has been declared but not yet paid becomes the liability of the 
business .It has to be paid within one year. Therefore,

(a) Where should a declared but unpaid cash dividend be reported on the balance sheet? (b) Where should a declared but unissued stock dividend be reported on the balance sheet?

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