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.

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Definitions:

Computerized E-Mail

Electronic messages sent and received through computer systems, facilitating quick and paperless communication.

Medium

A means or channel through which something is communicated or expressed.

Feedback Method

A technique used in various fields, including business and education, for providing constructive criticism or evaluation to improve performance.

Decoder

A device or program that translates encoded data back into its original format, or a person who interprets complex information into a more understandable form.