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:

U.S. Shrimp Trawling

U.S. shrimp trawling refers to the fishing method in the United States that involves dragging a trawl net through the water, primarily on the ocean floor, to catch shrimp, often criticized for its environmental impact.

Turtle Exclusion Devices

Devices used in fishing equipment to prevent sea turtles from getting caught in nets, thereby reducing turtle mortality in fisheries.

Long Lining

A commercial fishing technique that uses a long line, often kilometers in length, with baited hooks spaced at intervals to catch fish or other marine animals.

Cetaceans

A group of marine mammals that includes whales, dolphins, and porpoises, characterized by their fully aquatic lifestyle.