ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 328

13. The laws of some states require that corporations restrict
their legal capital from distribution to stockholders.

14. The SEC requires companies to disclose their dividend
policy in their annual report.

15. All dividends, except for liquidating dividends, reduce
the total stockholders’ equity of a corporation

16. Dividends payable in assets of the corporation other than
cash are called property dividends or dividends in kind.