When a dividend is paid by way of contra of account i.e offset the amount due to company, is classified as distribution in specie?
When a dividend is paid by way of contra of account i.e offset the amount due to company, is classified as distribution in specie?
I don't think so. This is the definition of specie. I'm not sure what country you are in; you appear to be asking an accounting question; but as I understand it, you are talking about an offset, not payment in coins.
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