AT&T had retained earnings of $10,000 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?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “AT&T had retained earnings of $10,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained earnings was restricted ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
One inherent risk to using lean philosophy is that companies are at higher risk of inventory shortage during volatile times such as strikes, weather, etc. than when using the traditional philosophy. True / False.
Answers (1)
Which would the SEC most likely penalize for violating a regulation?
Answers (1)
Which of the following is a transportation job? A - Forest and conservation worker B - Events planner C - Air traffic controller D - Industrial engineer
Answers (1)
n computing the current period's manufacturing cost per equivalent unit, the FIFO method of process costing considers: (CPA adapted) A. only current period costs. B. current period costs plus cost of beginning work-in-process inventoryC.
Answers (1)
Connie made a purchase on account of printer paper to last for about three months; this transaction increased supplies and decrease accounts payable. a. True b. False
Answers (1)
New Questions in Business
Privatization is a way to a. shrink the federal budget by selling government services or property in the private sector. b. reduce government costs by relocating government programs to private groups or corporations. c.
Answers (2)
Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $70,000 of the bonds for 97.
Answers (1)
A debt does not have to be past due before a creditor can begin legal action against a debtor. true or false.
Answers (1)
If the government wants to increase production of a good to achieve marginal social benefit, then the following policy will most likely be implemented a.
Answers (1)
Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, consumption spending will increase by A. $600 B. $ 3,000 C. $1,360 D. $ 3,750 E. $1,666.67
Answers (1)