All categories

1 year ago

The board of directors authorizes a cash or distribution of cash to its investors.a. Trueb. False

Business

1 answer:

Novosadov [1.4K]1 year ago

5 0

This assertion is accurate. A cash dividend or other cash payment to investors is approved by the board of directors.

<h3>Is the board of directors involved in the decision to distribute dividends?</h3>

Before a cash dividend is announced and later delivered to shareholders, a company's board of directors must determine whether to pay one and how much. The Board shall determine the amount of cash to be delivered to the Shareholders, both individually and collectively.

<h3>Dividends have been announced by the board of directors.</h3>

A company's interim dividend is the sum that the board of directors declares between two annual general meetings. Interim dividend is included in the definition of dividend under Section 2(35) of the Companies Act. It is at the board of directors' discretion to declare an interim dividend.

Learn more about interim dividend: brainly.com/question/28523087

#SPJ4

You might be interested in

if you do not pay the entire credit card bill you are charged a FLAT FEE or an INTEREST on the unpaid part?

Soloha48 [4]

You are charged with flat fee

7 0

4 years ago

_____________ is a deliverable-oriented grouping of the work involved in a project that defines its total scope.

Alex_Xolod [135]

Answer:

A work breakdown structure

3 0

2 years ago

If consumers buy less of a commodity when their incomes rise, this commodity is .

WINSTONCH [101]

The commodity is an inferior good.

An inferior good is one for which the quantity demanded decreases when the income of the consumer increases, or one for which the quantity demanded increases when the income of the consumer decreases. In contrast, a normal good is one for which the demand increases when the consumer's income increases.

6 0

3 years ago

Midtown, Inc. had the following transactions in 2018, its first year of operations: bullet Issued 31,000 shares of common st

Anna007 [38]

Answer:

The stockholders' equity is $6,90,000.

Explanation:

<u>Calculating the Total stockholders' equity:</u>

Total stockholders equity = Beginning stock equity + Net income

Total stockholders equity = (31,000 * 20) + 70,000

Total stockholders equity = 6,20,000 + 70,000

Total stockholders equity = $6,90,000

3 0

3 years ago

Hitachi, Ltd., reports total revenues of ¥9,616,202 million for its current fiscal year, and its current fiscal year-end unadjus

BartSMP [9]

Answer:

Debit Bad debts expense:¥28,464,808,000

Credit Allowance for doubtful account:¥28,464,808,000

Debit Bad debts expense: ¥45,958,700,000

Credit Allowance for doubtful account: ¥45,958,700,000

Explanation:

a. The amount of bad debts expense assuming uncollectibles:

0.4%x¥9,616,202,000,000=¥38,464,808,000

Unadjusted trial balance reports a credit balance of ¥10,000 million for the allowance for doubtful accounts, Hitachi must recording the difference amount: ¥38,464,808,000-¥10,000,000,000=¥28,464,808,000

b.The amount of bad debts expense assuming uncollectibles:

2.0%x¥2,797,935,000,000=¥55,958,700,000

Unadjusted trial balance reports a credit balance of ¥10,000 million for the allowance for doubtful accounts, Hitachi must recording the difference amount: ¥55,958,700,000-¥10,000,000,000=¥45,958,700,000

6 0

3 years ago