On September 1,Year 1,Orville Corporation Has Unrestricted Retained Earnings of $600,000,appropriated
Multiple Choice
On September 1,Year 1,Orville Corporation has unrestricted retained earnings of $600,000,appropriated retained earnings of $400,000,cash of $850,000,and accounts payable of $50,000.What is the maximum amount that can be used for cash dividends?
A) $850,000
B) $600,000
C) $800,000
D) $450,000
Correct Answer:
Verified
Correct Answer:
Verified
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