Declaring cash dividends


Can you help with this as well. I can't find the correct information in my book...atleast not that I can see! 200-300 words. Thanks!

What are the different types of dividends that corporations may issue? When should a corporation pay dividends? Why must a corporation have sufficient retained earnings before it may declare cash dividends? Would you prefer a stock dividend or a cash dividend? Explain why.

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Accounting Basics: Declaring cash dividends
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