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Read the discussion questions below, select one, and post a comment of at least 150 words. If...

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Finance

Read the discussion questions below, select one, and post acomment of at least 150 words.

If a "typical" firm reports $20 million of retained earnings onits balance sheet, could its directors declare a $20 million cashdividend without any qualms whatsoever? Explain why or why not?

Answer & Explanation Solved by verified expert
3.6 Ratings (587 Votes)
Retained earnings are defined as the cumulative net earnings of the companys profits after accounting on the payment of dividends It is also referred to as earning surplus that usually represents the reserve money that is available for    See Answer
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Read the discussion questions below, select one, and post acomment of at least 150 words.If a "typical" firm reports $20 million of retained earnings onits balance sheet, could its directors declare a $20 million cashdividend without any qualms whatsoever? Explain why or why not?

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