____________audit is done when company wants to declare interim dividend*1 pointInterimAnnualContinuousConcurrent

When the dividend is declared at the Annual General Meeting of the company, it is known as …. (a) Final Dividend (b) Interim Dividend (c) Dividend on preference shares (d) Scrip Divided (2) Amount to be transferred to reserves out of profits before any declaration of dividend is __________ (a) 5% (b) 7.5% (c) 10% (d) At the discretion of the company. (3) The Board of Directors of Vidyut Limited are contemplating to declare interim dividend in the last week of July, 2022 but the company has incurred loss during the current financial year up to the end of June, 2022. However, it is noted that during the previous five financial years i.e., 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22, the company had declared dividend at the rate of 8%, 9%, 12%, 11% and 10% respectively. Advise the Board as to the maximum rate at which they can declare interim dividend despite incurring loss during the current financial year. (a) Maximum at the rate of 10%. (b) Maximum at the rate of 11%. (c) Maximum at the rate of 10.5%. (d) Maximum at the rate of 11.5%. (4) The amount accumulated in the Investor Education and Protection Funds shall not be used for: (a) Refunds in respect of unclaimed dividends, matured deposits, matured debentures, application money due for refund and interest thereon. (b) Reimbursement of legal expenses incurred in pursuing class action suits under section 37 and 245. QUESTIONS AND ANSWERS

does total dividend equals to interim plus final dividend

Continuous audit is done with ________________*1 pointOccurrence of TransactionsPeriodicallyOnce in a yearIn between a financial year

On the date of declaration of the dividend, we _____.Multiple Choicecredit Retained Earningscredit Cashdebit Dividendsdebit Dividends Payable

The dividend policy that pays dividends only when there are excess earnings after meeting all investment needs is known as:a.Stable dividend policyb.Residual dividend policyc.Constant dividend policyd.Irregular dividend policy