Multiple Choice
Nova,Inc.is considering declaring a $100,000 cash dividend.Nova has a cash balance of $20,000 and Retained Earnings balance of $100,000.Nova should:
A) declare a cash dividend because it has enough Retained Earnings and cash.
B) declare a cash dividend because it has enough Retained Earnings.
C) not declare a cash dividend because it does not have enough Retained Earnings.
D) not declare a cash dividend because it does not have enough cash.
Correct Answer:
Verified
Correct Answer:
Verified
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