Which of the following is NOT a prerequisite to paying a cashdividend? A) formal action by the
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Question:
Which of the following is NOT a prerequisite to paying a cashdividend?
A) formal action by the board of directors
B) market value in excess of par value per share
C) sufficient cash
D) sufficient retained earnings
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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