State with reasons whether you, as an auditor, would approve the payment of dividend out of capital.
Question:
State with reasons whether you, as an auditor, would approve the payment of dividend out of capital.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
The role of an auditor is to examine the companys financial statements for accuracy and verify wheth...View the full answer
Answered By
Wonder Dzidzormenu
As a professional accountant and a teacher, I explain account ing concepts in a more practical way that makes students more connected to the subject.
With over 10 years of teaching accounting , I offer a well constructed , easily understood and in-depth explanations to students questions.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In this question assume that p and q are atomic formulae. (a) Compare and contrast path formulae and state formulae in temporal logic. [4 marks] (b) Describe and contrast the meanings of F(G p) and...
-
5) On the graphs below show the difference between a change in price and a change in demand. Fully label graphs for full marks! (2+2 marks) Change in price Change in demand X 6) A change in the price...
-
Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...
-
Currently, the unit selling price of a product is $220, the unit variable cost is $180, and the total fixed costs are $312,000. A proposal is being evaluated to increase the unit selling price to...
-
Charge is sprayed onto a large non-conducting belt above the left-hand roller in Figure P30.64. The belt carries the charge with a uniform surface charge density / as it moves with a speed v between...
-
The following two companies Alpha Industries and Beta Industries operate in the same industrial sector. You have extracted the following ratios from their accounts. Alpha Return on capital employed...
-
E 21-4 Multiple choice 1. Fiduciary funds include four different types of funds. Which of the following is not one of these types? a Agency funds b Tax collection funds c Private-purpose trust funds...
-
Moe Green estimates the cost of future projects for a large contracting firm. Mr. Green uses precisely the same techniques to estimate the costs of every potential job, and formulates bids by adding...
-
6) Internal control is often referred to as a(n) ________, because it permeates an organization's operating activities and is an integral part of management activities. A) event B) activity C)...
-
Rianni Sonns recently died after a brief illness and is survived by her two children, Daysha and Dominic. Rianni was very close with her daughter, Daysha, but had not had a relationship with her son...
-
Can dividend be paid out of current profit without writing off intangible and fictitious Assets?
-
What is interim dividend? When the question of interim dividend arises?
-
Calculating Mutual Fund Fees. In the prospectus for the Brazos Aggressive Growth fund, the fee table indicates that the fund has a 12b-1 fee of 0.35 percent and an expense ratio of 1.55 percent that...
-
1. State the difference between lists and tuples in Python programming. 2. Explain why Python is an Interpreted Language
-
1. How does Python handle memory? 2. Python's ternary operators: how do they work? 3. How is Python's multithreading implemented
-
In a relational database, explain the difference between Inner join & Outer join. Provide an example query for each and describe the result set produced by each query.
-
P&G sampled 400 people to determine their cereal purchase behavior on a particular trip to the store. The results of the study are as follows: Are preferences and brands related? Brand Purchaser Buys...
-
A Bloomberg Businessweek subscriber study asked, In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often? A second question asked if the type of...
-
Which of the following is a collection of requirements the users must meet? A. Policy B. Standard C. Procedure D. Guideline
-
Which of the following is a series of individual tasks that users accomplish to comply with one or more goals? A. Policy B. Standard C. Procedure D. Guideline
-
A confidentiality agreement sets the expectations of each employee and sets job performance standards. A. True B. False
-
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2...
-
Prepare the adjusting journal entries and Post the adjusting journal entries to the T-accounts and adjust the trial balance. Dresser paid the interest due on the Bonds Payable on January 1. Dresser...
-
Venneman Company produces a product that requires 7 standard pounds per unit. The standard price is $11.50 per pound. If 3,900 units required 28,400 pounds, which were purchased at $10.92 per pound,...
Study smarter with the SolutionInn App