Dividend waiver

Dividend waiver

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 If a company declares a dividend of £100 ( £20 to each of 5 shareholders ) and one shareholder waives his dividend of £20. Should the Profit and Loss accounts show  dividends of £80 only? If in error £100 is shown as dividends how can this be rectified?

I am slightly confused. Can you help please.

Mah

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By User deleted
02nd Oct 2011 12:54

Depends

When was the waiver put in place? If after the dividend was declared, the waivre has no effect and the £100 is correct. If the waiver is valid, simply correct the accounts to reduce dividends paid to £80.

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By msaid
02nd Oct 2011 15:41

Dividend waiver

 

Many thanks for your help.

Mah

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