Which of the Following Are the Two Financial Requirements That

Multiple Choice

Which of the following are the two financial requirements that the board of directors must consider when declaring a cash dividend?
i) the retained earnings account has a positive balance greater than the dividend.
Ii) the cash account has a balance greater than the amount of the dividend declared.
Iii) the company's earnings have shown growth for the last two quarters.
Iv) the shareholders have approved the declaration of the cash dividend.

A) i and iii
B) i and ii
C) ii and iv
D) ii and iii