Business, 23.10.2021 04:30 wbrandi118

Kramer Co. had retained earnings of $30,000 on the balance sheet but disclosed in the footnotes that $6,000 of retained earnings was restricted for building expansion and $2,000 was restricted for bond repayments. Cash of $4,000 had been set aside for the plant expansion. How much of retained earnings is available for dividends

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Kramer Co. had retained earnings of $30,000 on the balance sheet but disclosed in the footnotes that...

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