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  • 22-02-2022
  • Mathematics
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Dividends for common stock must be in cash

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chibabykalu16
chibabykalu16 chibabykalu16
  • 22-02-2022

Answer:

Legally, corporations must have a credit balance in Retained Earnings in order to declare a dividend. Practically, a corporation must also have a cash balance large enough to pay the dividend and still meet upcoming needs, such as asset growth and payments on existing liabilities.

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