Question: Knight, Inc., expects to incur a loss for the current year. The chairperson of the board of directors wants to have a cash dividend so

Knight, Inc., expects to incur a loss for the current year. The chairperson of the board of directors wants to have a cash dividend so that the company’s record of having paid a dividend during every year of its existence will continue. What factors will determine whether or not the board can declare a dividend?

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