Dividends declared or proposed after the end of reporting period won't be recognised as liability at the end of reporting period. A.True, B. False

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Posted by:
Khawar
02-September-2013

Question is based on IAS10

Accounting Cost Accounting Financial Accounting Bank Accounting managerial accounting

Question added by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store
Date Posted: 2015/01/24

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4 Answers

mohamed Hakim CMA CPA Candidate

by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Answer b false

Declaration of dividends

Debit / retained earnings

Credit / dividend payable

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by Sahar Alech , Auditor / Financial Manager , Accounting Services Office

True. it is non adjusting - event

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by sajid mohammad , Senior Audit assistant

True, as per IFRS that is not an adjusting event , agree with sahar Alech

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Mir Mujtaba Ali

by Mir Mujtaba Ali , Internal Audit Manager , Confidential

False

Once dividends are declared, it becomes liability till paid off.

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