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

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Finance

Read the discussion questions below, select one, and post acomment of at least 150 words. After you have posted your answer,post at least 2 responses to your classmates' answers.

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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The declaration of dividends is at the discretion of the management In any circumstance the amount of dividends cannot exceed the amount of retained earnings of the business In this    See Answer
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Read the discussion questions below, select one, and post acomment of at least 150 words. After you have posted your answer,post at least 2 responses to your classmates' answers.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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