Which of the following are the two financial requirements that the board of directors must consider when declaring a cash dividend? i) the retained earnings account has a positive balance greater than the dividend. i) the cash account has a balance greater than the amount of the dividend declared. ii) the company's earnings have shown growth for the last two quarters. iv) the shareholders have approved the declaration of the cash dividend. Multiple Choice i and ill i and i ii and i ii and iv

Which of the following are the two financial requirements that the board of directors must consider when declaring a cash dividend? i) the retained earnings account has a positive balance greater than the dividend. i) the cash account has a balance greater than the amount of the dividend declared. ii) the company's earnings have shown growth for the last two quarters. iv) the shareholders have approved the declaration of the cash dividend. Multiple Choice i and ill i and i ii and i ii and iv

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 14MCQ

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