Excess dividend payments would be avoided if: companies were required to disclose the audited figure for
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Excess dividend payments would be avoided if:
● companies were required to disclose the audited figure for available reserves and distributable profits in their annual report and accounts;
● dividends are only paid when the board is satisfied with solvency statements by directors;
● regulatory oversight of dividend payments were required where there is a substantial pension fund deficit.
Discuss if these suggestions would avoid all excess dividend payments.
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Related Book For
Financial Accounting And Reporting
ISBN: 9781292399805
20th Edition
Authors: Barry Elliott, Jamie Elliott
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