On December 31, 2017, Pilozzi Company has the following information available: 
On December 31, 2017, can the Board of Directors declare a cash dividend of $8 million?
A) Yes, if they can borrow some money, or liquidate some assets.
B) No, the cash balance is below $8 million.
C) No, Retained Earnings is below $8 million.
D) No, Cash and Retained Earnings are both below $8 million.
Correct Answer:
Verified
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