Corporations can legally declare cash dividends only if the retained earnings balance is sufficient to cover the dividends.
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Q32: Three dates are involved in the declaration
Q33: If the corporation has a net loss
Q34: An exchange of one share of an
Q35: A proportionate distribution of shares of a
Q36: If a balance sheet is prepared between
Q38: Stock dividends typically are stated as a
Q39: Even if there are both appropriated and
Q40: When an appropriation of retained earnings is
Q41: The balance of the income summary account
Q42: The board of directors declared a $2
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