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In Accordance with Restrictive Debt Covenants,Maynard Company Appropriated $20,000 of Retained

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In accordance with restrictive debt covenants,Maynard Company appropriated $20,000 of retained earnings.Which of the following entries would be required to recognize this appropriation?
In accordance with restrictive debt covenants,Maynard Company appropriated $20,000 of retained earnings.Which of the following entries would be required to recognize this appropriation? No entry would be required. In accordance with restrictive debt covenants,Maynard Company appropriated $20,000 of retained earnings.Which of the following entries would be required to recognize this appropriation? No entry would be required. In accordance with restrictive debt covenants,Maynard Company appropriated $20,000 of retained earnings.Which of the following entries would be required to recognize this appropriation? No entry would be required. No entry would be required.

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