When a Final Dividend Is Not Legally Payable Until Sanctioned

question 4

Multiple Choice

When a final dividend is not legally payable until sanctioned by the annual general meeting:

• A)approval of payment is not generally a formality given that the parent entity has control of the subsidiary
• B)a parent cannot recognise,as revenue,a dividend proposed by a subsidiary prior to its receipt
• C)approval of payment is generally a formality given that the parent entity has control of the subsidiary
• D)none of the above

Identify and analyze the components and calculation of the contribution margin.

Grasp the principles and assumptions underlying Cost-Volume-Profit (CVP) analysis.

Understand the high-low method's purpose and process for separating mixed costs into variable and fixed components.

Comprehend how activity levels impact variable and fixed costs.

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