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Financial Management

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Financial Management

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.
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  • August 18, 2015 at 6:30 pm #267662
    Salauddin
    • Topics: 9
    • Replies: 2
    • ☆

    Dear Sir,
    a company have cumulative Loss for last three years . But the Board of Directors wants to declare stock dividend from the current two years profit. total age of the company is five years.

    whether it is possible to do that ? Can u please share any reference to understand clearly
    about this issue , IFRS or anything else?

    Thanks,
    Kazi Salauddin

    August 18, 2015 at 7:13 pm #267672
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 41724
    • ☆☆☆☆☆

    IFRS’s are not relevant for Paper F9.

    If they have revenue reserves (total retained earnings – i.e the total profits less the total losses for the whole five years) ) then they are allowed to pay a dividend up to the amount of the revenue reserves,

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