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:

Disagreeable

Refers to a personality trait characterized by a tendency to be unfriendly, uncooperative, and hostile towards others.

Personality Traits

Describes the consistent patterns of thoughts, emotions, and behaviors that distinguish individuals from one another.

Big Five

The Big Five personality traits are a widely endorsed model that consists of openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Disagreeableness

A personality trait characterized by a lack of concern for social harmony, leading to conflict or confrontation.