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Your answer (b) A Corporation earned 300% of its capital of 1 Million as its income for 2022. The Board of Directors resolved to declare

Your answer (b) A Corporation earned 300% of its capital of 1 Million as its income for 2022. The Board of Directors resolved to declare 1 Million as dividends and retain 2 Million as company funds. Can they do this? How and Why? Your

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