Subsequent to the reporting date but before the authorisation date of the financial reports,the dividend to be paid by Hannibal Ltd has been determined.How should this decision be recorded in the financial statements according to AASB 110?
A) The event should be disclosed in a note to the financial statements.
B) The event should be fully reflected in the financial statements.
C) No reporting is required.
D) The shareholders should be informed by separate letter.

Question

Quizplus · Accepted Answer

The Answer of Subsequent to the reporting date but before the authorisation date of the financial reports,the dividend to be paid by Hannibal Ltd has been determined.How should this decision be recorded in the financial statements according to AASB 110?
A) The event should be disclosed in a note to the financial statements.
B) The event should be fully reflected in the financial statements.
C) No reporting is required.
D) The shareholders should be informed by separate letter.

Subsequent to the Reporting Date but Before the Authorisation Date