ACC 304 All Assignments ACC 304 All Assignments | Page 53

a. authorized.
b. issued.
c. outstanding.
d. outstanding less the number of treasury shares.
50. Which of the following statements about property dividends is
not true?
a. A property dividend is usually in the form of securities of other
companies.
b. A property dividend is also called a dividend in kind.
c. The accounting for a property dividend should be based on the
carrying value (book value) of the nonmonetary assets transferred.
d. All of these statements are true.