Multiple Choice
Which of the following statements is true when appropriating retained earnings?
A) Appropriating retained earnings will increase the number of shares of stock available.
B) Appropriating retained earnings will allow the corporation to use its assets for dividends.
C) Appropriating retained earnings will increase cash and other assets.
D) Appropriating retained earnings will divide the retained earnings into two categories.
Correct Answer:
Verified
Correct Answer:
Verified
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