On September 1, Year 1, Orville Corporation Has Unrestricted Retained

Multiple Choice

On September 1, Year 1, Orville Corporation has unrestricted Retained Earnings of $7,500,000, Appropriated Retained Earnings of $4,500,000, Cash of $9,000,000, and Accounts Payable of $1,000,000. What is the maximum amount that can be used for cash dividends?

A) $9,000,000
B) $7,500,000
C) $12,000,000
D) $3,000,000