Question : In the current year, Proposed Dividend of ____________will be declared (approved) by the shareholders in their Annual General Meeting held after the end of the financial year.
Option 1: Previous year
Option 2: Current year
Option 3: Either A and B
Option 4: None of the above
Correct Answer: Previous year
Solution : Answer = Previous year
In the current year, the proposed dividend of the previous year will be declared (approved) by the shareholders in their Annual General Meeting held after the end of the financial year. This dividend represents the profit distribution decision made based on the previous year's financial performance.
Hence, the correct option is 1.