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Donald's Inc. would like to declare dividends by distributing Inventory. Partial financial Information for Donald's Inc. is below. Cash balance Inventory Retained Earnings Accounts Receivable
Donald's Inc. would like to declare dividends by distributing Inventory. Partial financial Information for Donald's Inc. is below. Cash balance Inventory Retained Earnings Accounts Receivable Dividends receivable Shareholder's equity $ 52,000 $ 20,000 $ 10,000 $ 7,500 $ 1,200 $129,000 What is the maximum property dividend that Donald's Inc. can declare given the above financial Information? Multiple Choice None of the other alternatives are correct $20,000 $129,000 $1,200 $52,000
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