alleryStart learning →A dividend is received only in Q3. How is it treated at the Q1 date?
AEstimated from last year receipt
BNot anticipated until it occurs
CDeferred and shown at year end
DAccrued evenly over four quarters
Answer & Solution
Correct answer: B. Not anticipated until it occurs
Occasional revenue is not anticipated at an interim date unless anticipation would be proper at year end.
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