Hutchinson Company 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? a. $12,000. b. $13,000. c. $15,000. d. $10,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Hutchinson Company had retained earnings of $15,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained earnings ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Audreys free-throw percentage so far this season is. 875. If she makes only 13 of her next 20 free throws, her percentage will drop to. 860. How many free throws has Audrey made this season? solve using a guess and check method
Answers (1)
Ernest is 42 years old and has been out of work for two months. he lost his position as a program manager when his company merged with another larger company.
Answers (1)
The term " twenty past four " is sometimes used in what?
Answers (1)
Period costs would be reported on the income statement as expenses A : as a part of cost of goods sold. B : when the finished goods are sold. C : when they are incurred. D : at the beginning of the accounting period.
Answers (1)
What was the name of the first successful national labor organization in the united states that offered membership to all workers regardless of occupation, education, gender or race?
Answers (1)
New Questions in Business
Which of the following options has drastically reduced the costs of operating and transacting on a global scale? A. Internet B. Social network C. Intranet D. Extranet E. Value network
Answers (1)
In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was 125 and the average nominal level of income was $32,000. What happened to real income from year 1 to year 2?
Answers (1)
Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets.
Answers (1)
During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000.
Answers (1)
The partnership agreement of E Smith and N Patel state that Smith receives 30% and Patel 70% of partnership income and losses. The partnership net income is $100,000 and is allocated to the partners when the income summary account is closed.
Answers (1)