Declared dividend should be classified in the balance sheet as a

1.	Declared dividend should be classified in the balance sheet as a
Answer» Current LIABILITY Declared dividend should be classified in the balance sheet as a Current liability. DIVIDENDS payable are dividends that a company's board of DIRECTORS has declared to be payable to its SHAREHOLDERS. Until such TIME as the company actually pays the shareholders, the cash amount of the dividend is recorded within a dividends payable account as a current liability.

Answer»

Declared dividend should be classified in the balance sheet as a Current liability. DIVIDENDS payable are dividends that a company's board of DIRECTORS has declared to be payable to its SHAREHOLDERS. Until such TIME as the company actually pays the shareholders, the cash amount of the dividend is recorded within a dividends payable account as a current liability.

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Declared dividend should be classified in the balance sheet as a

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