Which of the following is necessary for a corporation to pay cash dividends?
A) Market value in excess of par value per share
B) Order by the court of law
C) Sufficient retained earnings
D) Prior declaration of stock dividends
Correct Answer:
Verified
Q97: The _ is determined by transactions between
Q98: The par value per share of common
Q99: When the market rate of interest on
Q100: _ liabilities may arise from past transactions
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Q103: Which of the following is an effect
Q104: A corporation has 50,000 shares of $100
Q105: Treasury stock is reported in the _
Q106: On November 21 of the current year,
Q118: If the market rate of interest is
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