There is no obligation to pay dividends until a dividend is declared by the board of directors.
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Q38: Common shares usually have a cumulative dividend
Q39: The authorization of share capital does NOT
Q42: The statement that reflects the changes in
Q43: Under the Canada Business Corporations Act, a
Q45: A company may NOT declare a dividend
Q48: Dividends are distributed from retained earnings.
Q49: A cash dividend account is NEVER closed
Q51: When the retained earnings has a debit
Q53: Journal entries are made on the date
Q57: The amount of dividends paid is reported
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