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On September 1, Year 1, Orville Corporation has unrestricted retained earnings of $7,300,000, appropriated retained earnings of $4,300,000, cash of $8,800,000, and accounts payable of
On September 1, Year 1, Orville Corporation has unrestricted retained earnings of $7,300,000, appropriated retained earnings of $4,300,000, cash of $8,800,000, and accounts payable of $800,000. What is the maximum amount that can be used for cash dividends? Multiple Choice $8.800,000 O $7,300,000 O $8.600,000 $3,000,000
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