Question
Question 18 Turquoise and Topaz Sisters had retained earnings of $14,300 on the balance sheet but disclosed in the footnotes that $1,700 of retained earnings
Question 18
Turquoise and Topaz Sisters had retained earnings of $14,300 on the balance sheet but disclosed in the footnotes that $1,700 of retained earnings was restricted for plant expansion and $1,800 was restricted for bond repayments. Cash of $1,700 had been set aside for the plant expansion. How much of retained earnings is available for dividends?
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| A. | $10,800 |
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| B. | $14,300 |
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| C. | $12,600 |
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| D. | $9,100 |
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Making Sense Of Audit Business Side Of General Practice
Authors: Donald Sal Irvine
1st Edition
1870905121, 978-1870905121
