Question
Companies are not allowed to pay a dividend if it A. cuts into legal capital B. the firm made a net loss C. the managers
Companies are not allowed to pay a dividend if it
A. cuts into legal capital
B. the firm made a net loss
C. the managers give up their salary for the accounting period
D. the firm retains a portion of the earnings
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
