You happened to look 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
Correct Answer:
Verified
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