Subsequent to the Reporting Date but Before the Authorisation Date

question 10

Multiple Choice

Subsequent to the reporting date but before the authorisation date of the financial reports,the dividend to be paid by Hannibal Plc has been determined.How should this decision be recorded in the financial statements according to IAS 10?

• A)The event should be disclosed in a note to the financial statements.
• B)The event should be fully reflected in the financial statements.
• C)No reporting is required.
• D)The shareholders should be informed by separate letter.