On December 31 of the current year,Pilozzi Company has the following information available: 
On December 31 of the current year,can the Board of Directors declare and pay a cash dividend of $6 million?
A) Yes,if they can borrow some money,or liquidate some assets.
B) No,the cash balance is below $6 million.
C) No,Retained Earnings is below $6 million.
D) No,Cash and Retained Earnings are both below $6 million.
Correct Answer:
Verified
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