Dividends for the year: interim plus proposed final Steps:

• Identify payments in 2020: prior year's $12,000 dividend (relates to 2019) and current interim$4,300.
• Exclude prior year's payment from 2020 distributions, as it pertains to 2019 equity.
• Add current year's interim dividend $4,300 to proposed final$18,000.
• Total dividends recognized for 2020: $4,300 +$18,000 = $22,300.

Why A is correct:

• IAS 10 requires dividends declared (interim paid and final proposed) to be recognized as distributions in the period they relate to, totaling $22,300 for 2020.

Why the others are wrong:

• B: Includes only cash paid ($16,300), ignoring proposed final and misallocating prior dividend.
• C: Shows only proposed final ($18,000), omitting interim.
• D: Totals all cash and proposed ($34,300), double-counting across years.

Final answer: A