Dividends Declared After the Reporting Period

question 61

Multiple Choice

Dividends declared after the reporting period:

• A) meet the criteria for recognition as a liability.
• B) satisfy the criteria for recognition as an expense.
• C) are recognised in the statement of financial position as they meet the definition of equity.
• D) do not meet the AASB 132/IAS 32 recognition criteria for liabilities.

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Definitions:

Values Formation

The process through which individuals develop their set of personal principles, morals, and ideals, often influenced by their surroundings, experiences, and education.

Modeling

The act of demonstrating a behavior, attitude, or skill with the intent that others will observe and learn to emulate it.

Corporate Crime

Illegal acts committed by a company or its employees that are intended to enhance the company’s performance or profits.

Corporate Ethics

Principles and standards that guide behavior in the world of business, ensuring fairness, transparency, and integrity in all operations.