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Question
Read the following news item of ITC Ltd. and answer the question that follows:
| The company’s board declared an interim dividend of ₹ 6.25 per share for the financial year ending March, 2024. The dividend will be paid between February 26-28, 2024, to the eligible shareholders. |
Which of the following are the attributes of interim dividend?
P: It is a charge against profits.
Q: It is an appropriation of profits.
R: Its declaration and payment will decrease the company’s Current Ratio.
S: Its declaration and payment will increase the company’s Debt Equity Ratio.
Options
Only P
Only Q
P, R and S
Q, R and S
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Solution
Q, R and S
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