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Today is the last day of Year 1, and ABC Company's accounting records have the following accounts and balances: Cash Land Notes Common Retained

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Today is the last day of Year 1, and ABC Company's accounting records have the following accounts and balances: Cash Land Notes Common Retained Payable Stock Earnings $300 $900 $300 $500 $100 The note payable must be repaid in Year 5. What is the maximum dividend ABC Company should consider paying today? $100 $500 $400 $300

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