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 are usually reported in notes to the financial statements.
• B)No journal entries are needed to 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 are usually reported in notes to the financial statements.

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Definitions:

Excite Followers

The ability of a leader to inspire and motivate followers towards achieving a common goal.

High Levels

Typically refers to a significant or above-average measure of a certain quality or quantity, such as productivity or achievement in a given context.

Situational Leadership Model

A leadership theory proposing that the most effective leadership style varies according to the situation and the level of maturity of the followers.

Selling Style

Describes the approach or method a salesperson uses to engage with, persuade, and secure clients or customers.