On September 11,2012,the Hafar Corporation Has Unrestricted Retained Earnings of $6,000,000,Appropriated
On September 11,2012,the Hafar Corporation has unrestricted Retained Earnings of $6,000,000,Appropriated Retained Earnings of $4,000,000,Cash of $7,500,000,and Accounts Payable of $500,000.What is the maximum amount that the corporation could use for cash dividends on that date?
A) $7,500,000
B) $7,000,000
C) $6,000,000
D) $5,500,000
Correct Answer:
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