Question: QuestionNova, Inc. is considering declaring a $ 1 0 0 , 0 0 0 cash dividend. Nova has a cash balance of $ 2 0

QuestionNova, Inc. is considering declaring a $100,000 cash dividend. Nova has a cash balance of $20,000 and retained earnings balance of $100,000. Nova should Blank______.Multiple choice question.declare a cash dividend because it has enough retained earnings and cashdeclare a cash dividend because it has enough retained earningsnot declare a cash dividend because it does not have enough cashnot declare a cash dividend because it does not have enough retained earnings

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