When a Final Dividend Is Not Legally Payable Until Sanctioned

Multiple Choice

When a final dividend is not legally payable until sanctioned by the annual general meeting:

A) approval of payment is not generally a formality given that the parent entity has control of the subsidiary
B) a parent cannot recognise,as revenue,a dividend proposed by a subsidiary prior to its receipt
C) approval of payment is generally a formality given that the parent entity has control of the subsidiary
D) none of the above