Which one of the following is not necessary in order for a corporation to pay a cash dividend?
A) Adequate cash
B) Approval of stockholders
C) Declaration of dividends by the board of directors
D) Retained earnings

Question

Quizplus · Accepted Answer

Approval of stockholders is not necessary for a corporation to pay a cash dividend. The decision to declare and pay dividends typically rests with the corporation's board of directors.

Which One of the Following Is Not Necessary in Order