If a firm does not have enough money to pay any common stock ...

[stephzh]

If a firm does not have enough money to pay any common stock dividends, it is technically in
  default to the common shareholders.
 
  Indicate whether the statement is true or false

Question 2

In the next planning period, a firm plans to change its policy of all cash sales and initiate a credit policy requiring payment within 30 days. The statements that will be directly affected immediately are the ________.
 
  A) pro forma income statement, balance sheet, and cash budget
  B) pro forma balance sheet and cash budget
  C) cash budget and statement of retained earnings
  D) pro forma income statement and pro forma balance sheet

[xthemafja]

Answer to Question 1

FALSE

Answer to Question 2

B

[stephzh]

TY

[xthemafja]

Happy to Help