Which one of the following is not necessary in order for a corporation to pay a cash dividend?
A) Adequate cash
B) Approval of stockholders
C) Declaration of dividends by the board of directors
D) Retained earnings
Correct Answer:
Verified
Q74: Stockholders of a corporation directly elect
A)the president
Q75: Which of the following statements concerning taxation
Q76: If stock is issued for a noncash
Q77: Ralston Company is authorized to issue 10,000
Q78: Seven thousand shares of treasury stock of
Q80: Win, Inc.has 10,000 shares of 7%, $100
Q81: When stock dividends are distributed,
A)Common Stock Dividends
Q82: If a stockholder receives a dividend that
Q83: A credit balance in retained earnings represents
A)the
Q84: Instructions
Journalize the transactions for Domaine Corporation.
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