Firms are usually prohibited by state law from distributing
A. retained earnings as dividends.
B. paid-in capital as dividends.
C. dividends in a year the firm has a net loss.
D. assets as dividends.
Answer:B
Firms are usually prohibited by state law from distributing
A. retained earnings as dividends. B. paid-in capital as dividends. C. dividends in a year the firm has a net loss. D. assets as dividends.