Jurisdiction-Specific Corporate Laws Limit Directors' Freedom to Declare Dividends

Jurisdiction-specific corporate laws limit directors' freedom to declare dividends.Which of the following is/are true?

A) The board may not declare dividends "out of capital," that is, debited against the contributed capital accounts, which result from fund-raising transactions with owners.
B) The board must declare them "out of earnings" by debiting them against the Retained Earnings account, which results from earnings transactions.
C) "Capital" may mean the par or stated value of outstanding common shares or the total amount paid in by shareholders.
D) Some jurisdictions allow corporations to declare dividends out of the earnings of the current period even if the Retained Earnings account has a debit (negative) balance because of accumulated losses from previous period.
E) all of the above