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A corporation has been paying out 1 million per year in dividends for the past several years. This year, the company wants to pay the
A corporation has been paying out 1 million per year in dividends for the past several years. This year, the company wants to pay the 1 million dollar dividend but cant. All of the following are reasons the company cannot continue its dividend policy EXCEPT: A)the company's cash balance is less than 1 million B)the company's liabilities exceed its assets C)the company's net income this year is less than 1 million D)the company's retained earnings balance at year end is less than one million
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