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Donald's Inc. would like to declare dividends by distributing inventory. Partial financial information for Donald's Inc. is below. Cash...
1.Donald's Inc. would like to declare dividends by distributing inventory. Partial financial information for Donald's Inc. is below.
Cash balance..................$52,000
Inventory.......................$20,000
Retained Earnings............$10,000
Accounts Receivable.........$7,500
Dividends receivable.........$1,200
Shareholder's equity.........$129,000
What is the maximum property dividend that Donald's Inc. can declare given the above financial information?
$129,000
None of the other alternatives are correct
$1,200
$20,000
$52,000
2.Donald's Inc. would like to declare dividends by distributing accounts receivable rights. Partial financial information for Donald's Inc. is below.
Cash balance..................$2,000
Inventory.......................$20,000
Accounts Receivable.........$7,500
Dividends receivable.........$1,200
Common shares...............$100,000
Shareholder's equity.........$100,000
What is the maximum property dividend that Donald's Inc. can declare and pay given the above financial information?
$20,000
$1,200
$2,000
$7,500
None of the other alternatives are correct
