Question 1

Dividends declared after the reporting period:

Accepted Answer

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 132/IAS 32 recognition criteria for liabilities. 
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 132/IAS 32 recognition criteria for liabilities.

Question 2

For a company, retained earnings represent:

Accepted Answer

A)  contributed capital from shareholders. 
B)  profits retained by the company before tax is paid to the government. 
C)  net cash retained by the company before any payment of dividends to shareholders. 
D)  profits retained by the company after payment of dividends, and after any transfer to and from reserves. 
A)  contributed capital from shareholders. 
B)  profits retained by the company before tax is paid to the government. 
C)  net cash retained by the company before any payment of dividends to shareholders. 
D)  profits retained by the company after payment of dividends, and after any transfer to and from reserves.

Dividends declared after the reporting period:

For a company, retained earnings represent:

Nature and Regulation of Companies

Business Combinations

Disclosure: Legal Requirements and Accounting Polices

Disclosure: Presentation of Financial Statements

Disclosure: Statement of Cash Flows

Foreign Currency Transactions and Forward Exchange Contracts

Translation of Financial Statements Into a Presentation Currency

Consolidation: Controlled Entities

Consolidation: Wholly Owned Subsidiaries

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Associates and Joint Ventures

Joint Arrangements

Insolvency and Liquidation

Accounting for Company Income Tax

Property, Plant Equipment

Filters

Exam 2: Financing Company Operations

Dividends declared after the reporting period:

For a company, retained earnings represent:

Nature and Regulation of Companies

Business Combinations

Disclosure: Legal Requirements and Accounting Polices

Disclosure: Presentation of Financial Statements

Disclosure: Statement of Cash Flows

Foreign Currency Transactions and Forward Exchange Contracts

Translation of Financial Statements Into a Presentation Currency

Consolidation: Controlled Entities

Consolidation: Wholly Owned Subsidiaries

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Associates and Joint Ventures

Joint Arrangements

Insolvency and Liquidation

Accounting for Company Income Tax

Property, Plant Equipment

Filters