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Question

After providing for ___________, Declaration of Dividends for the current year is made.

A both, the depreciation of past years only and the depreciation on assets for the current year and the arrears of the depreciation of the past year (if any) Correct Answer Incorrect Answer
B the depreciation of past years only Correct Answer Incorrect Answer
C the depreciation on assets for the current year and the arrears of the depreciation of the past year (if any) Correct Answer Incorrect Answer
D the depreciation ocurrent year only and by forgoing the arrears of the depreciation of the past years Correct Answer Incorrect Answer

Solution

The correct answer is C

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