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Question
Klingon Corporation has only one class of shares, its common shares. Klingon has assets of $200,000 and liabilities of $160,000. It has $40,000 of excess liquidity that it does not need to pay currently maturing obligations. What is the maximum property dividend that Klingon may pay to its common shareholders?
A. $60,000
B. $10,000
C. $40,000
D. $30,000
Answer
This answer is hidden. It contains 281 characters.
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