- CFA Exams
- CFA Level I Exam
- Topic 4. Corporate Issuers
- Learning Module 16. Analysis of Dividends and Share Repurchases
- Subject 4. Factors Affecting Dividend Policy
CFA Practice Question
According to the impairment of capital rule, companies cannot pay out dividends that exceed:
B. Accumulated retained earnings.
C. Current period net income.
A. Stockholders' equity.
B. Accumulated retained earnings.
C. Current period net income.
Correct Answer: B
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