How much of retained earnings is available for dividends

Assignment Help Financial Accounting

Reference no: EM13794886

Hutchinson Company had retained earnings of $15,000 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?

Reference no: EM13794886

Questions Cloud

Stock dividend to stockholders-record the transaction : On January 1, Ripken Corporation had 40,000 shares of $10 par value common stock outstanding. On March 17 the company declared a 10% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The entry to rec..

Providing global security services : Research and select two organizations involved in providing global security services.

The entry to record the transaction : On January 1, Ripken Corporation had 40,000 shares of $10 par value common stock outstanding. On March 17 the company declared a 10% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The entry to rec..

Elements of a political realignment : Describe the elements of a political realignment, when a dominant party coalition replaces another. Illustrate using one particular period from U.S. history. Is the current era undergoing any sort of major realignment? Why or why not?

How much of retained earnings is available for dividends : Hutchinson Company had retained earnings of $15,000 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 asi..

What are the dividends received by the preferred stockholder : Brewer Inc. has 5,000 shares of 8%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2014, and December 31, 2013. The board of directors declared and paid a $15,000 dividend in 2013..

The differences between intellectual and real property : What are the differences between intellectual property and real property

Hexavalent chromium in cooling towers for air conditioners : Calcium hypochlorite is known by what name when it is used as a disinfectant in swimming pools?

What is the amount of interest winrow must pay bondholders : Winrow Company received proceeds of $565,500 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $600,000, pay interest annually on December 31st, and have a call price of 101. Winrow uses the straight-line method of amortiz..

User Account

All Pages