On September 11, 2014, 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 $7,500,000 $7,000,...

Answer is 6000000 Reason Retained earnings are the earnings accumulated by t ...

On September 11, 2014, the Hafar Corporation has unrestricted Retained Earnings of $6,000,000. Appropriated Retained Earnings of

Question:

On September 11, 2014, the Hafar has unrestricted Retained Earnings of $6,000,000. Appropriated Retained Earnings of $4,000,000. Cash of $7,500,000. and of $500,000. What is the maximum amount that the could use for cash dividends on that date? $7,500,000
$7,000,000
$6,000,000
$5,500,000
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...