PdfPrep.com

Which of the following does not apply to a private company which is about to declare a dividend?

Which of the following does not apply to a private company which is about to declare a dividend?
A . There must be profits available for distribution as a dividend.
B . The company must have accumulated realized profits.
C . The company’s net assets must equal the total of called up share capital plus un-distributable reserves.
D . The company must take account of accumulated realized losses.

Answer: C

Exit mobile version