3 years ago

On December 31 of the current year, Pilozzi Company has the following information available:

Business

1 answer:

Aleksandr [31]3 years ago

6 0

Answer:

On December 31 of the current year, can the Board of Directors declare and pay a cash dividend of $ 2 million

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

Explanation:

Companies can pay dividends in cash or additional shares.

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

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On December 31 of the current​ year, Pilozzi Company has the following information​ available:

On December 31 of the current year, Pilozzi Company has the following information available: