How much of retained earnings is available for dividends, Accounting Basics

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How much of retained earnings is available for dividends

Turquoise and Topaz Sisters had retained earnings of $15,000 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?

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Accounting Basics: How much of retained earnings is available for dividends

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Accounting Basics: How much of retained earnings is available for dividends

Reference No:- TGS073012

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Recent Questions Asked Accounting Basics

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Accounting Basics: How much of retained earnings is available for dividends

Reference No:- TGS073012

Recent Questions Asked Accounting Basics

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