Question: In section 4 of the chapter, the text lists Dividends as a shareholder right. 1) What is a dividend? 2) Who decides whether the corporation

In section 4 of the chapter, the text lists Dividends as a shareholder "right".

1) What is a dividend?

2) Who decides whether the corporation shall distribute a dividend?

3) Can you describe circumstances where a dividend would not be allowed? Thanks!

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