The primary purpose of a premium audit is to calculate your final premium. When your policy was issued, the premium was an estimate of an exposure. basis (usually payroll or sales) multiplied by a rate. The rate used is determined. by how the exposure base is classified. The audit will examine your records to. establish the actual exposure basis and make sure that the correct classification.
Consent dividend is a dividend that some shareholders agree to give back or leave with the company issuing for the purpose of either expansion or increasing its cash positions. The shareholder also agrees to report the dividends for tax purposes.
DEFINITION of 'Residual Dividend'. The term residual dividend refers to a method of calculating dividends. A dividend is a payment made by a company to its shareholders.It is essentially a portion of the company's profits that is divided amongst the people who own stock in the company.A residual dividend policy is one where a company uses residual or leftover equity to fund dividend payments.Typically, this method of dividend payment creates volatility in the dividend payments that may be undesirable for some investors. dividend is a payment made by a company to its shareholders. It is essentially a portion of the company's profits that is divided amongst the people who own stock in the company. A residual dividend policy is one where a company uses residual or leftover equity to fund dividend payments.