A cash dividend account is NEVER closed during the closing process.
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Q42: The statement that reflects the changes in
Q43: Under the Canada Business Corporations Act, a
Q44: There is no obligation to pay dividends
Q45: A company may NOT declare a dividend
Q46: Companies must have enough cash before they
Q48: Dividends are distributed from retained earnings.
Q50: A dividend is a pro rata distribution
Q51: Dividends in arrears are NOT considered a
Q52: Corporate income tax is based on the
Q55: Retained earnings is a temporary account.
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