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FINAL LEVEL QUIZ
Which of the following is true regarding Interim Dividend? . . .
Which of the following is true regarding Interim Dividend? . . .
Anonymous Quiz
14%
A. It can only be declared by the Board of Directors
7%
B. It must be declared before the closure of the financial year
9%
C. It can only be declared out of profits available for distribution
71%
D. All of the above
๐1
INTER LEVEL QUIZ
Which of the following funds cannot be used to pay dividends?
Which of the following funds cannot be used to pay dividends?
Anonymous Quiz
13%
A. Free reserves
53%
B. Securities Premium Reserve
20%
C. Current profits
15%
D. Surplus in the Profit and Loss Account
๐2
FOUNDATION LEVEL QUIZ
In case of anticipatory breach of contract, the aggrieved party can:
In case of anticipatory breach of contract, the aggrieved party can:
Anonymous Quiz
23%
A. Rescind the contract immediately and sue for damages
17%
B. Wait until the actual breach occurs and then sue for damages
57%
C. Do either A or B
2%
D. None of the above
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