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JV Mine is in some financial difficulty as a result of the problems at its copper mine. Nevertheless the two shareholders, GML and QMNE are hoping to receive a dividend. Although JV Mine did not make a profit in the financial year, its directors decide to pay a dividend of $0.04 per share.
Is this allowed? If the payment of the dividend causes JV Mine to become insolvent, what are the consequences for the directors of JV Mine?
It must include a statement of the problem or opportunity that is the aim of your project. It must describe the rationale for your project, why you wish to carry out this research and the benefits that will accrue from its successful conclusion.\
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