Which of the following statements is true?
A) For public companies, dividend entitlements are the same for all shares within a class, unless the company's constitution or a special resolution provides otherwise.
B) For proprietary companies, there is a replaceable rule that, subject to the agreement under which the shares were issued, the directors may pay dividends as they see fit.
C) For no liability companies, all ordinary shares have the same dividend entitlement, but there is no right to a dividend if a call has been made that is still outstanding.
D) all of the above
Correct Answer:
Verified
Q5: In the comprehensive profit statement the amount
Q6: The dividend equalisation reserve
A)is required by AASB
Q7: Which of the following could be
Q8: A discretionary reserve
A)is one that allows management
Q9: Langer Ltd is to restructure its owners'
Q11: Which statements are true?:
I.
Q12: Dividends can be paid from which of
Q13: Under the Framework and AASB 101
A)revenue arises
Q14: Under AASB 101, in the profit or
Q15: On 1 April 20X1 the directors
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