CAF-4 · Chapter 23 · Question 4 of 7
An interim dividend is deemed to have been declared when:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The board of directors passes a resolution approving it.
Explanation
Unlike a final dividend which is declared by members at an AGM, an interim dividend is declared by the board of directors and is deemed declared on the date the board approves it.
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