Old Balance Common Stock Has a Par Value Totaling $12,000,000,additional

question 97

Multiple Choice

Old Balance common stock has a par value totaling $12,000,000,additional paid-in-capital totaling $30,000,000 as well as retained earnings of $40,000,000.If Old Balance is located in a state where the most stringent capital-impairment restrictions exist,what is the maximum dividend that Old Balance could pay to its shareholders?

• A) $82,000,000
• B) $70,000,000
• C) $40,000,000
• D) $30,000,000

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Definitions:

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Positive Symptom

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