Describe the types of limitations firms can face from legal restrictions on dividend payments.

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Describe the types of limitations firms can face from legal restrictions on payments.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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Legal restrictions on the payment of dividends come in two basic forms ...View the full answer

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