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Mr. ahmed Ali Said maintains that adequate cash is the only requirement for the declaration of the cash dividend. Is Mr. ahmed is correct? Give
Mr. ahmed Ali Said maintains that adequate cash is the only requirement for the declaration of the cash dividend. Is Mr. ahmed is correct? Give explanation. Three dates are important in connection with cash dividends. Identify these dates, and explain to Mr. ahmed about their significance to the corporation and its shareholders. Also brief Mr. ahmed about the accounting entries that are made for a cash dividend and the date of each entry.
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