On September 1, Year 1, Orville Corporation has unrestricted retained earnings of $8,400,000, appropriated retained earnings of $5,400,000, cash of $9,900,000, and accounts payable of $1,900,000. What is the maximum amount that can be used for cash dividends?
A. $3,000,000
B. $8,400,000
C. $10,800,000
D. $9,900,000
Answer: B
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