Which of the following would generally not need to be approved by the board of directors?
A) issuing capital stock
B) repurchasing capital stock
C) declaration of a dividend
D) payment of a dividend

Question

Quizplus · Accepted Answer

Payment of a dividend does not need to be approved by the board of directors as it has already been declared and approved by them at an earlier date. However, the declaration of a dividend (choice C) would need to be approved by the board of directors. Issuing capital stock (choice A) and repurchasing capital stock (choice B) also typically require approval from the board of directors.

Which of the Following Would Generally Not Need to Be