Which of the Following Statements Is True

question 85

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:

Major Depressive Disorder

A clinical condition where an individual suffers from severe depression symptoms that interfere with daily life and functionality.

Powerlessness

The feeling of lacking control or influence over one's own life or external circumstances.

Selective Serotonin Reuptake Inhibitor (SSRI)

A class of drugs typically used in the treatment of depression and anxiety by increasing the levels of serotonin in the brain.