Multiple Choice
Rick's Internet Corporation's balance in Retained Earnings is $50,000.The board of directors directs that $25,000 be appropriated for future business expansion.This will cause total retained earnings to:
A) remain at $50,000.
B) increase by $25,000.
C) decrease by $25,000.
D) increase or decrease $25,000,as determined by the board.
Correct Answer:

Verified
Correct Answer:
Verified
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