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Business, 31.10.2019 03:31 lolirdc

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?
multiple choice
a) $850,000
b) $600,000
c) $800,000
d) $450,000

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Answers: 1

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