Under IFRS, share dividends declared after the statement of financial position date but before the end of the subsequent events period are:(a) accounted for similar to errors as a prior period adjustment.(b) adjusted subsequent events, because they are paid from prior year earnings.(c) not adjusted in the current year’s financial statements.(d) recognized on a prospective basis from the date of declaration.

Question

Under IFRS, share dividends declared after the statement of financial position date but before the end of the subsequent events period are:
(a) accounted for similar to errors as a prior period adjustment.
(b) adjusted subsequent events, because they are paid from prior year earnings.
(c) not adjusted in the current year’s financial statements.
(d) recognized on a prospective basis from the date of declaration.

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