Multiple Choice
What is the entry to restrict $40,000 for plant expansion?
A) Debit Retained Earnings; credit Cash
B) Debit Retained Earnings; credit Retained Earnings Appropriated for plant expansion
C) Debit Retained Earnings Appropriated for plant expansion; credit Retained Earnings
D) Debit Cash; credit Retained Earning Appropriated for plant expansion
Correct Answer:
Verified
Correct Answer:
Verified
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