What are the two financial requirements to support the declaration of a cash dividend? What are the

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What are the two financial requirements to support the declaration of a cash dividend? What are the effects of a cash dividend on assets and stockholders’ equity?
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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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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