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Other Fields Homework Help Accounting Topic started by: Abbyfilapose on Aug 31, 2018



Title: You happen across the balance sheet of a firm, which discloses $40,000 of ending retained
Post by: Abbyfilapose on Aug 31, 2018
You happen across the balance sheet of a firm, which discloses $40,000 of ending retained
earnings, $10,000 of which is appropriated for plant expansion. This firm is not a natural
resources firm. Therefore:
A) the firm has $30,000 of cash
B) the firm has $40,000 of cash
C) the maximum allowable dividend cannot exceed $30,000
D) the firm has never distributed a stock dividend


Title: You happen across the balance sheet of a firm, which discloses $40,000 of ending retained
Post by: redesace90 on Aug 31, 2018
Content hidden


Title: You happen across the balance sheet of a firm, which discloses $40,000 of ending retained
Post by: Abbyfilapose on Aug 31, 2018
Going to mark this solved!


Title: You happen across the balance sheet of a firm, which discloses $40,000 of ending retained
Post by: redesace90 on Aug 31, 2018
:okay: