Question: Dividends on common stock: Select one: a. must be declared to become a liability of the firm b. must be paid in cash. c. are

Dividends on common stock:

Select one:

a. must be declared to become a liability of the firm

b. must be paid in cash.

c. are automatically paid every three months.

d. are considered in default if the board fails to declare them at least once per year. e. are a tax deductible expense to the corporation.

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