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- Download Solution: http://solutionzip.com/downloads/mori-egg-noodle-company-solution/
- The Mori Egg Noodle Company has the following equity accounts on its balance sheet:
- Common stock ($10 par, 300,000 shares) $ 3,000,000
- Contributed capital in excess of par 1,500,000
- Retained earnings 6,000,000
- Total common stockholders equity $10,500,000
- a. What is the maximum amount of dividends that may be paid by the Mori Company if the capital impairment provisions of state law are limited to the following?
- i. The par value of common stock
- ii. The par value and the capital in excess of par accounts
- b. What other factors may limit Moriβs ability to pay dividends?
- Download Solution: http://solutionzip.com/downloads/mori-egg-noodle-company-solution/
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