Which of the following is true regarding the payment of dividends?
A) Dividends are paid at the discretion of the board of directors.
B) Dividends are paid upon majority vote of the shareholders.
C) Dividends are paid if authorized by the board of directors and also approved by the shareholders.
D) Dividends are paid at the discretion of the corporate president.
E) Dividends are paid at the discretion of the corporation's chief financial officer.
Correct Answer:
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