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Teal Mountain Supply Company had retained earnings of $19200 on the balance sheet but disclosed...

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Accounting

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Teal Mountain Supply Company had retained earnings of $19200 on the balance sheet but disclosed in the footnotes that $2120 of retained earnings was restricted for plant expansion and $1060 was restricted for bond repayments. Cash of $2120 had been set aside for the plant expansion. How much of retained earnings is available for dividends? $13900.$17080.$16020.$19200

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