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
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
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