If a company has $2,000 cash, $1,200 liabilities, and $800 retained earnings, can it pay a dividend
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If a company has $2,000 cash, $1,200 liabilities, and $800 retained earnings, can it pay a dividend of $1,000?
DividendA 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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Related Book For 
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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