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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