Most states limit dividend policy by requiring that dividends ____.
A) not be paid unless the firm generates net earnings during the most recent year
B) be paid only out of retained earnings
C) not be paid when the firm is insolvent
D) be paid out of the firm's capital

Question

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The Answer of Most states limit dividend policy by requiring that dividends ____.
A) not be paid unless the firm generates net earnings during the most recent year
B) be paid only out of retained earnings
C) not be paid when the firm is insolvent
D) be paid out of the firm's capital

Most States Limit Dividend Policy by Requiring That Dividends ____