Which of the Following Is Not a Substantive Test of Details

question 47

Multiple Choice

Which of the following is not a substantive test of details for dividends?

• A)Calculation of the dividend payout ratio.
• B)Examination of the minutes of the board of directors' meetings for authorization of the dividend per share amount.
• C)Examination of the minutes of the board of directors' meetings for the dividend record date.
• D)Agreement of the dividend amount with the payment in the cash disbursements journal.

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Definitions:

Leaders

Individuals who influence, guide, or direct others towards achieving set goals by motivating and providing direction.

Address Problems

The approach or method used to identify, analyze, and resolve issues or challenges.

Katz's Three Skill Model

A framework suggesting that effective leadership depends on three essential skills: technical, human, and conceptual.

Top Management Level

Executives and high-ranking officials responsible for overseeing the strategic direction and decision-making of an organization.