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Anglin, Inc., expects to incur a loss for the current year. The chairperson of the board of directors wants to have a cash dividend so

Anglin, Inc., expects to incur a loss for the current year. The chairperson of the board of directors wants to have a cash dividend so that the companys record of having paid a dividend during every year of its existence will continue.

Required:

What factors will determine whether the board can declare a dividend? (Select all that apply.)

Preferred stock

Cash

Common stock

Retained earnings

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