Which of the following is not true regarding restrictions on dividend payments?
a. These restrictions typically arise when loan agreements prohibit the registrant from paying cash dividends without the consent of the lender.
b. In certain cases, restrictions at a subsidiary-company level exist such that the registrant's subsidiary companies may not transfer amounts to the registrant without the consent of a third party.
c. Amounts subject to restrictions must be disclosed.
d. The auditor will typically confirm with shareholders whether there are any side agreements regarding dividend restrictions.
d
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Answer the following statements true (T) or false (F)
1. Leaders manage and managers lead, but the two activities are not synonymous. 2. One's power comes as part of one's job; it is the right to perform or command. 3. Reward power results from managers' authority to punish their employees. 4. Employees who are having computer problems at TravelWorld go to Amy rather than the IT department because she is efficient and considerate about helping out and is extremely knowledgeable. Amy has expert power.
The transactions in the stockholders' equity accounts are typically tested using a statistical sampling approach
a. True b. False Indicate whether the statement is true or false
A system of internal control cannot be considered good until the possibility of human error has been completely eliminated
Indicate whether the statement is true or false
One major source of power is ________-based power, which may lead to several kinds of leverage, including: legitimate power, reward power, and punishment power.
Fill in the blank(s) with the appropriate word(s).