Which of the Following Is One of the Requirements a Corporation

question 81

Multiple Choice

Which of the following is one of the requirements a corporation must meet under the Canada Business Corporations Act to declare and pay a cash dividend?

• A)The net realizable value of its assets must exceed the total of its liabilities but not its share capital.
• B)It must have sufficient cash or resources to be able to pay its liabilities before the dividend is declared and paid.
• C)The net realizable value of its assets must exceed its share capital but not the total of its liabilities.
• D)It must have sufficient cash or resources to be able to pay its liabilities after the dividend is declared and paid.

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Definitions:

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Social or political movements aimed at making gradual improvements or changes in society, often focused on issues like civil rights, gender equality, or environmental protection.

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The period approximately between 1830 to 1870, marked by significant industrial, social, and political changes in many parts of the world.

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Refers to the set of customs, traditions, and values of the people living in the United States.

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Refers to the impact and effect European cultures, policies, and economics have had on other regions worldwide, shaping global history, colonization, and international relations.