All of the following statements are true regarding the IASB and disclosure of dividend policies except;

A

According to IASB, companies must meet a minimum payout ratio before they are required to disclose their dividend policies in their annual reports.

B

IASB encourages companies to report their dividend policies in their annual reports if they do not expect to pay dividends in the fore-seeable future.

C

IASB encourages companies to report their dividend policies in their annual reports if they have earning but fail to pay dividends.

D

IASB encourages companies that show a consistent pattern of paying dividends to indicate whether they intend to continue this practice in the future