Business, 06.12.2019 04:31, kyriebarnes143

Turquoise and topaz sisters 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?
a.$10,800
b.$14,300
c.$12,600
d.$9,100

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Turquoise and topaz sisters had retained earnings of $10,000 on the balance sheet but disclosed in t...