A company may NOT declare a dividend if there was a loss in the year.
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Q40: In cases where the fair value of
Q41: A cash dividend account is never closed
Q42: The statement that reflects the changes in
Q43: Under the Canada Business Corporations Act, a
Q44: Dividends in arrears are not considered a
Q46: Companies must have enough cash before they
Q47: There is no obligation to pay dividends
Q48: Dividends are distributed from retained earnings.
Q49: If the board of directors has not
Q50: A dividend is a pro rata distribution
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