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  3. Study Set
    College Accounting Study Set 5
  4. Exam
    Exam 21: Corporations: Earnings, Taxes, Distributions, and the Retained Earnings Statement
  5. Question
    A Retained Earnings Appropriation Is a Restriction of Retained Earnings
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A Retained Earnings Appropriation Is a Restriction of Retained Earnings

Question 80

Question 80

Multiple Choice

A retained earnings appropriation is a restriction of retained earnings by


A) the board of directors.
B) stockholders.
C) senior management.
D) accountants.

Correct Answer:

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