CERTYNEX IFRS ACADEMY

Styrnot records 'Retained earnings / Dividends payable' at 31 December for a dividend its board declared on the following 18 February. What is the error?

Debiting retained earnings instead of a finance cost.

Recording the dividend at its gross amount instead of net of withholding.

Recognising a liability at the reporting date for a dividend declared afterwards.

Not also recognising the related distribution tax at 31 December.