If a corporation decides to pay out a cash dividend, when does that happen?

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter18: Acquiring Capital For Growth And Development
Section18.3: Capital Stock
Problem 1AYU
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If a corporation decides to pay out a cash dividend, when does that happen?

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