Turquoise and Topaz Sisters had retained earnings of $10,000 on the balance sheet but disclosed in the footnotes that $2,000 of Retained Earnings was restricted for plant expansion and $1,000 was restricted for bond repayments. Cash of $2,000 had been set aside for the plant expansion. How much of retained earnings is available for dividends?
A.$10,800
B.$14,300
C.$12,600
D.$9,100
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Turquoise and Topaz Sisters had retained earnings of $10,000 on the balance sheet but disclosed in the footnotes that $2,000 of Retained ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
ABC purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered. To record this transaction, the company debits Inventory for $2,000, debits Selling Expenses for $100, and credits Cash for $2,100.
Answers (1)
Which is the best measurement to use to determine who might have the absolute advantage? high opportunity cost low opportunity cost low efficiency high efficiency
Answers (2)
A manufacturer of brand A jeans has daily production costs of Upper C equals 0.3 x squared minus 120 x plus 12 comma 585 , where C is the total cost (in dollars) and x is the number of jeans produced.
Answers (2)
A team that meets to solve a one time problem is called a
Answers (1)
When Hertz Rent-a-Car decides to expand its fleet, several companies as well as consumers will be involved. Financial services will be provided by banks, and the actual fleet of cars will come from auto manufacturers.
Answers (1)
New Questions in Business
Which of the following statements is true of expatriate managers? a. They are managers who work abroad. b. They are managers who work in domestic firms. c. They are managers who work for the emerging economies they are a part of. d.
Answers (1)
An industry with oligopolistic competition faces falling profits and its sales growth is slow. Demand for individual brands has become quite elastic--as consumers see competing products as almost homogeneous. Several firms have dropped out.
Answers (1)
Ros Corporation's flexible budget cost formula for indirect materials, a variable cost, is $0.90 per unit of output.
Answers (1)
The process by which goods, services, or ideas are used and transformed into value is referred to as cost behavior analysis.
Answers (1)
Globalization increases the interdependency of the world's countries. Inflation in one country would most likely
Answers (1)