Dividends Declared After the Balance Date but Before the Financial

question 22

Multiple Choice

Dividends declared after the balance 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 statement of financial position as they meet the definition of equity.
• D) do not meet the AASB 137 criteria of a present obligation.

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Definitions:

Self-Attributions

The process by which individuals explain the causes of their own behavior and outcomes, attributing them to either internal or external factors.

Impression Management

The strategic practice of influencing or controlling one's own image presented in social contexts.

Self-Enhancement Theory

A theory suggesting that people have a basic need to maintain and enhance their self-esteem, often by interpreting information in a bias that favors themselves.

BIRGing

"Basking in Reflected Glory," a behavior where individuals associate themselves with successful others to improve their own self-esteem.