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Monster Media's (MM) accounting records indicate that the company has $500 of cash; $2,500 of land; $1,600 of common stock; and $1,400 of retained earnings. Based on this i…

Monster Media's (MM) accounting records indicate that the company has $500 of cash; $2,500 of land; $1,600 of common stock; and $1,400 of retained earnings. Based on this i…
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Monster Media's (MM) accounting records indicate that the company has $500 of cash; $2,500 of land; $1,600 of common stock; and $1,400 of retained earnings. Based on this information, the maximum cash dividend the company can pay is

asked
User Aviral Srivastava
by
8.2k points

1 Answer

10 votes

Answer:$500

Explanation: The company had only $500 cash available to pay dividends. There is no cash in retained earnings.

answered
User Rui Cardoso
by
8.6k points
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