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Whichnof the following statements about a cash dividend is incorrect? A. The legality of a cash dividend depends on state corporation laws. B. The legality

Whichnof the following statements about a cash dividend is incorrect? A. The legality of a cash dividend depends on state corporation laws. B. The legality of a dividend does not indicate a companys ability to pay a dividend. C. Dividends are not a liability until declared. D. Shareholders usually vote to determine the amount of income to be distributed in the form of a dividend.

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