How would retained earnings be affected by the declaration of each of the following?
Definitions:
United States
A country in North America consisting of 50 states and a federal district, known for its large size, diverse population, and influence in global affairs.
Europe
A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, known for its diverse cultures, languages, and histories.
Turning Point
A moment or event that marks a significant change or shift in direction, leading to new developments or transformations in various contexts, such as historical events, personal lives, or industries.
1963
A year marked by significant events such as the assassination of U.S. President John F. Kennedy, the March on Washington for Jobs and Freedom, and the height of the Cold War.
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