Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 26 - No. 43)
Which of the following is NOT a responsibility of company directors?
Always act in the best interests of the shareholders.
Ensure the company complies with all applicable accounting standards.
Take steps to ensure that the company is able to maintain a going concern.
Determine dividend payments to creditors.
Explanation
Determining dividend payments is a function of the directors. Creditors are paid according to the terms of the agreements they have with the company.
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