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On September 1, Year 1, Orville Corporation has unappropriated retained earnings of $9,000,000, appropriated retained earnings of $6,000,000, cash of $10,500,000, and accounts payable
On September 1, Year 1, Orville Corporation has unappropriated retained earnings of $9,000,000, appropriated retained earnings of $6,000,000, cash of $10,500,000, and accounts payable of $2,500,000. What is the maximum amount that can be used for cash dividends? Multiple Choice $10,500,000 $9,000,000 $12,000,000 Prav
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