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For Acme Steel Inc. to pay a cash dividend to its stockholders, it must meet all the following conditions except - * The stockholders must

For Acme Steel Inc. to pay a cash dividend to its stockholders, it must meet all the following conditions except - *

The stockholders must make an official request to the board of directors to declare the dividend

Board of Directors must agree to pay the dividend and declare it

Have significant retained earnings

Have sufficient amount of cash reserve

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