(Answered) Question - hutchinson company had retained earnings of

Accounting

Question - Hutchinson Company 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) $10,000.

b) $5,000.

c) $7,000.

d) $8,000.

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