Which of the Following Are the Two Financial Requirements That

question 29

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

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Definitions:

Achievement Motive

refers to an individual's persistent effort and determination to reach goals and excel in tasks.

Standards Of Excellence

Criteria or benchmarks used to measure the quality or performance level of a product, service, or activity.

Self-Actualization

The realization or fulfillment of one's talents and potentials, considered as a drive or need present in everyone.

Problem Solving

The process of identifying solutions to specific issues.