Dividends Declared After the Reporting Date but Before the Authorisation

question 10

True/False

Dividends declared after the reporting date but before the authorisation for issue of the financial report are typically recognised as a liability.

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Definitions:

Milliliters

A unit of volume in the metric system, equal to one thousandth of a liter or about 0.0338 fluid ounces.

Liter

A metric unit of volume equal to 1,000 milliliters or about 0.264 gallons.

Kilograms

A unit of mass in the metric system equal to 1,000 grams.

Grams

A mass measurement unit representing 0.001 of a kilogram.