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Interim Dividend can't be pre acquisition dividend True or false???
Answers (3)
Interim Dividend source is profit of current year up to the date of distribution. And dividend is calculated on paid up share capital on the date of distribution for Interim Dividend The holding company may receive interim dividend from the subsidiary company; if such an interim dividend is to be apportioned between pre-acquisition period and post acquisition period, it should be assumed that the interim dividend has been earned evenly throughout the year.
