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n200080 [17]
3 years ago
5

West Company paid cash for dividend. With respect to this event, indicate whether the following statement is______________.

Business
1 answer:
Alinara [238K]3 years ago
8 0

Answer:

True

Explanation:

A public limited company can pay cash dividends to its shareholders for their contribution to the company. Therefore, the statement "West Company paid cash for dividend" is correct.

No other form of organization cannot pay dividends. They can pay a share of profit or extra benefits. Only in the corporation, especially in public limited, shareholders are given a cash dividend by its management body.

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A public limited company can pay cash dividends to its shareholders for their contribution to the company. Therefore, the statement "West Company paid cash for dividend" is correct.

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