Multiple Choice
Appropriations of retained earnings must be reported
A) in a separate account within the equity section of the balance sheet.
B) within "unrestricted retained earnings" on the balance sheet, with footnote disclosure to describe the appropriation.
C) as a prior period adjustment on the statement of changes in retained earnings.
D) only within the footnotes accompanying the financial statements.
Correct Answer:
Answered by ExamLex AI
Correct Answer:
Answered by ExamLex AI
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