Dividends Declared After the Balance Sheet Date but Before the Financial

question 24

Multiple Choice

Dividends declared after the balance sheet date but before the financial statements are authorised for issue:

• A)meet the criteria for recognition as a liability
• B)satisfy the criteria for recognition as an expense
• C)are recognised in the balance sheet as they meet the definition of equity
• D)do not meet the AASB 137 criteria of a present obligation.

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