Question: The board of directors of a public company is having

The board of directors of a public company is having its monthly meeting. One of the items on the agenda is the possible distribution of a cash dividend to shareholders. If the board decides to issue a cash dividend, the decision obliges the company to issue cash to shareholders based on the number of shares each shareholder owns.
Required:
Before making its decision, what information about the company should the board consider? Think of the items on the financial statements that you saw in this chapter.



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  • CreatedJune 11, 2015
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