Question: Dividend payments cannot exceed the balance sheet item Retained earnings. This is known as the _____. a. stock split rule b. impairment of capital rule

Dividend payments cannot exceed the balance sheet item "Retained earnings." This is known as the _____.

a.

stock split rule

b.

impairment of capital rule

c.

dividend irrelevance rule

d.

constant payout rule

e.

free cash flow rule

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