Mathematics, 30.05.2021 14:00 stephanieboyd

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? a. $22,000 b. $24,000 c. $30,000 d. $18,000

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