A Corporation Has Been Paying Out $1 Million Per Year

question 48

Multiple Choice

A corporation has been paying out $1 million per year in dividends for the past several years.This year,the company wants to pay the $1 million dividend,but can't.All of the following are reasons the company cannot continue its dividend payment policy EXCEPT

• A) the company's net income this year is less than $1 million.
• B) the company's retained earnings balance at the end of the year is less than $1 million.
• C) the company's cash balance is less than $1 million.
• D) the company's liabilities exceed its assets.

Recognize the legal boundaries and ethical considerations in paralegal work, such as the prohibition against practicing law.

Identify the types of technologies and software commonly used by paralegals.

Understand the historical development and evolution of the paralegal profession.

Comprehend the significance of specialized knowledge and skills in enhancing a paralegal's marketability.

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Definitions:

Datasheet

A view mode in database applications displaying data in rows and columns, similar to a spreadsheet.

Zero-Length

Refers to an object, string, or data type that has no content or measurable length, often used as a placeholder or to indicate an empty value.

Is Null

A condition or expression in programming and databases used to check if a variable or field contains no data or value.

Freeze

A feature in spreadsheet and database software that allows users to keep selected rows or columns visible while scrolling through the rest of the document or sheet.