Which of the Following Is Not a Prerequisite to Paying

question 162

Multiple Choice

Which of the following is not a prerequisite to paying a cash dividend?

• A) formal action by the board of directors
• B) market value in excess of par value per share
• C) sufficient cash
• D) sufficient retained earnings

---

Definitions:

Pancreas

An organ in the digestive and endocrine system that produces several important hormones, including insulin, and enzymes to aid in digestion.

Peptidases

Enzymes that break down peptides into amino acids by cleaving the peptide bonds between amino acids.

Small Intestine

A part of the gastrointestinal tract between the stomach and large intestine that absorbs nutrients and minerals from food.

Cholecystokinin (CCK)

A chemical that promotes the breakdown of fats and proteins for digestion.