In the relation to the payment of ordinary dividend on the first date of the new accounting year,paid by a company to its shareholders, which of the foloowing statements are true?

1)the ,aximum dividend cannot exceed the retained profit at the end of the previous accounting year

2)the dividend cannot exceed the company's bank balance at the date the dividend is paid

3)the dividend must ne approved by the shareholders at a general meeting

4)the dividend is affected by past dividend policy