List the three requirements that must exist for a corporation to pay a cash dividend.
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Q8: Dividends in arrears are shown as a
Q9: Return on equity is calculated by dividing
Q10: When shares are issued for noncash assets,
Q11: All of the following items are characteristics
Q12: If a company has 300,000 common shares
Q13: A public company issues 10,000 shares on
Q14: Preferred shares are least likely to have
Q15: The Preferred Shares account has a balance
Q17: Record journal entries for each of the
Q18: List two advantages that the corporate form
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