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Ample Corporation's Balance in Retained Earnings Is $130,000

Question 66

Multiple Choice

Ample Corporation's balance in Retained Earnings is $130,000. The board of directors directs that $65,000 be appropriated for future business expansion. This will cause total retained earnings to:


A) decrease by $65,000.
B) increase by $65,000.
C) remain at $130,000.
D) increase or decrease $65,000, as determined by the board.

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