Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

تمرين 14

Requirements for declaring dividends Anglin, Inc., expects to incur a loss for the current year. The chairperson of the board of directors wants to have a cash dividend so that the company's record of having paid a dividend during every year of its existence will continue. What factors will determine whether the board can declare a dividend?