Which of the following is an accurate statement regarding dividends? (a) A company must declare an ordinary

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Which of the following is an accurate statement regarding dividends?

(a) A company must declare an ordinary dividend if it makes a profit in an accounting period.

(b) The directors of a company have control over whether a dividend is paid in a year.

(c) A company must have cash in the bank before a dividend may be declared.

(d) Dividends paid by a company must be covered by profits of the year.

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Related Book For  answer-question

Financial Accounting

ISBN: 9781292244471

8th Edition

Authors: Pauline Weetman

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