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Based on legal restrictions, a corporation may not pay a dividend under which of the following conditions: A) If the firms liabilities exceed its assets
Based on legal restrictions, a corporation may not pay a dividend under which of the following conditions:
A) If the firms liabilities exceed its assets
B) If the amount of the dividend exceeds the accumulated profits (retained earnings)
C) If the dividend is being paid from capital invested in the firm
D) All of the above.
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