View Policies Current Attempt in Progress Car and Auto Sisters had retained earnings of $18800 on the balance sheet but disclosed in the footnotes that $3300 of retained earnings was restricted for plant expansion and $800 was restricted for bond repayments. Cash of $1800 had been set aside for the plant expansion. How much of retained earnings is available for dividends? O $14700 O $18800 $12900 O $15500

View Policies Current Attempt in Progress Car and Auto Sisters had retained earnings of $18800 on the balance sheet but disclosed in the footnotes that $3300 of retained earnings was restricted for plant expansion and $800 was restricted for bond repayments. Cash of $1800 had been set aside for the plant expansion. How much of retained earnings is available for dividends? O $14700 O $18800 $12900 O $15500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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