Other than from retained earnings, dividends may be declared out of: Choose one answer. a. Paid in capital in excess of par value b. Paid in capital in excess of issued price c. Neither a nor b d. Both a and b

Other than from retained earnings, dividends may be declared out of: Choose one answer. a. Paid in capital in excess of par value b. Paid in capital in excess of issued price c. Neither a nor b d. Both a and b

Name: Other than from retained earnings, dividends may be declared out of: C
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Description: Other than from retained earnings, dividends may be declared out of: Choose one answer.a. Paid in capital in excess of par valueb. Paid in capital in excess of issued pricec. Neither a nor bd. Both a and bAdd an explanation, please. Thanks

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 4MC

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