Current through November 30, 2024
Section 367.4380 - Account 438, Dividends declared-common stock(a) This account must include amounts declared payable out of retained earnings as dividends on actually outstanding common capital stock issued by the service company.(b) Dividends must be segregated for each class of common stock as to those payable in cash, stock and other forms. If not payable in cash, the medium of payment must be described with sufficient detail to identify it.