Which of the Following Statements Is Not True About When

question 48

Multiple Choice

Which of the following statements is not true about when cash dividends can be paid?

• A)The retained earnings account must have an accumulated balance sufficient to cover the amount of the dividends to be paid.
• B)The cash account must have a balance sufficient to pay the dividends.
• C)The board of directors must have declared the dividend before it can be paid.
• D)Loan covenants do not restrict the payment of dividends.

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Definitions:

Child Abuse Prevention

Strategies and measures aimed at stopping maltreatment of children, including physical, emotional, and sexual abuse, as well as neglect.

"Good" and "Bad" Touching

The understanding and distinction between touches that are safe and respectful, vs. those that are harmful and disrespectful.

Sexual Abuse Prevention

Strategies and measures taken to protect individuals from unwanted or illegal sexual activities.

Rape

A criminal act involving sexual intercourse or other forms of sexual penetration carried out against a person without their consent.