220 CMR, 52.311
Current through Register 1538, January 3, 2025
When any dividend is declared it should be credited to this account and here remain until it is paid, when it should be charged to this account and credited to cash, or other suitable account.
Dividends should not appear as a liability of the company unless they have actually been declared by vote of the Board of Directors.
220 CMR, 52.311