Which of the Following Statements Is True

question 14

Multiple Choice

Which of the following statements is true?

• A)Appropriations of retained earnings require journal entries, but restrictions on retained earnings do not.
• B)No journal entries are needed to either appropriate or restrict retained earnings.
• C)Both appropriations and restrictions of retained earnings require journal entries.
• D)Restrictions on retained earnings must be journalized, but appropriations do not need to be journalized.

---

Definitions:

Stress

A physical, mental, or emotional strain or tension resulting from adverse or demanding circumstances.

Decisional Role

A function involving making choices and decisions as part of one's responsibilities, often in a managerial or leadership context.

Entrepreneur

An individual who innovates, organizes, operates, and assumes the risk for a business venture.

Opportunities

Circumstances or situations that present a possibility for advancement, improvement, or success.