Distributions to Stockholders: Legal Distinctions and Accounting Implications for Classroom Discussion

Authors

Dennis M. Bline, Bryant University
Charles P. Cullinan, Bryant University

Document Type

Article

Comments

Published by the American Accounting Association in Issues in Accounting Education, volume 10, Issue 2, pages 307-316.

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Keywords

Accounting;Stock Holders Equity;Stocks

Publisher

American Accounting Association

Publication Source

Issues in Accounting Education

Abstract

This paper reviews the legal requirements for stockholder distributions in a number of states, as well as textbook coverage of this issue. It was found that legal distribution requirements are often at variance with their presentation in accounting textbooks.