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상법상 이익배당의 회계에 대한 비판적 고찰 : A Critical Review of Accounting for Income Dividends in Korean Commercial Code

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Authors

김광윤

Issue Date
2002-09
Publisher
서울대학교 경영연구소
Citation
경영논집, Vol.36 No.2/3, pp. 107-126
Abstract
The purpose of the study is to review critically current accounting for corporate dividends

in Korea by the way of empirical method as well as archival method, focusing on income

available for dividend, timing for recognition of income dividends payable, stock dividend,

and interim dividend, which were picked up as crucial matters of concern in the course of

accounting transparency project under IMF supervision.

Results of the study are as follows:

First, unrealized evaluation gains and other legal reserves such as business rationalization

reserve should be eliminated from net assets for calculating income available for dividend,

which will lead to foreseeable revision of the Commercial Code.

Second, the company rendering stock dividend should choose between par value method

and market method for accounting treatment of stock dividend depending upon its economic

substance, whose criteria should be enumerated explicitly.

Third, additional information regarding to interim dividend should be provided in the note

to financial statements in the same manner as regular dividend, while the timing for

recognition of interim dividend should be the date of Board of Directors Meeting rather than interim balance sheet date.
ISSN
1229-0491
Language
Korean
URI
https://hdl.handle.net/10371/44365
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