Regarding the Corporations Act's Replaceable Rule for Dividend Payments, Which

question 19

Multiple Choice

Regarding the Corporations Act's replaceable rule for dividend payments, which of the following statements is untrue?

• A)directors determine the amount, timing and method of payment of a dividend
• B)interest is not payable on dividends
• C)shareholders have no right that a dividend be paid
• D)an interim dividend payable can not be cancelled by the directors

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Definitions:

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Proteins

Large molecules essential for the structure, function, and regulation of the body's cells, tissues, and organs.

Human Chromosome

A thread-like structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.

Genes

Units of heredity made up of DNA that carry information for the development, functioning, and reproduction of organisms.