Knowledge Base

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Questions

Which articles of the Code de commerce govern stock dividends?

L232-10 to L232-12
L232-13 to L232-15
L232-18 and L232-19
L232-20

What is the maximum period for paying a cash dividend after the end of the fiscal year under article L232-13 of the Code de commerce?

Six months
Nine months
Twelve months
Three months

What is the maximum period for a shareholder to exercise the stock dividend option after the general meeting?

One month
Three months
Six months
Nine months

Under article L232-11 of the Code de commerce, distributable earnings are calculated as:

Net income increased by prior losses and legal reserves
Net income reduced by prior losses and legal reserves, increased by retained earnings brought forward
Net income reduced by prior losses only
Net income increased by legal reserves only

Stock dividends must be mandatorily provided for in the company's articles of association.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Ordinary dividend
Interim dividend
Special dividend
Cash dividend
Categories:

Type of distribution

Form of distribution

Cash dividend

Click to see answer

A special dividend can be distributed without the accounts being approved by the general meeting.

True
False