10-What conditions must be satisfied to declare cash dividend? a. The Corporation must have retained earnings and adequate cash to pay dividend b. None of the option is correct c. The Corporation must have adequate fixed assets and retained earnings d. The Corporation must have earned adequate net profit in the current year

10-What conditions must be satisfied to declare cash dividend? a. The Corporation must have retained earnings and adequate cash to pay dividend b. None of the option is correct c. The Corporation must have adequate fixed assets and retained earnings d. The Corporation must have earned adequate net profit in the current year

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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