Hutchinson Company Had Retained Earnings of $18,000 on the Balance

question 193

Multiple Choice

Hutchinson Company had retained earnings of $18,000 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)$15,000.
• B)$16,000.
• C)$18,000.
• D)$13,000.

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