Which of the Following Statements Is Not Correct

question 51

Multiple Choice

Which of the following statements is not correct?

• A)The entry to record the appropriation of retained earnings for warehouse construction includes a debit to Retained Earnings.
• B)Appropriated retained earnings are listed separately on the balance sheet.
• C)When retained earnings are appropriated, cash is set aside for a specific purpose.
• D)Dividends cannot be declared from appropriated retained earnings.

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Definitions:

Personality

The assemblage of traits and features that define a person's unique character.

Functional Autonomy

A principle referring to how behaviors that once were driven by specific motives become independent of those motives over time.

Independence

The state or condition of being free from dependency on others or external control, often associated with self-reliance and decision-making autonomy.

Central Traits

Personality traits that form a foundation for an individual's personality and are considered essential for understanding one's character.