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:

Ocular Lens

The lens inside the eye that focuses light on the retina to create clear images.

Oil-immersion

A technique used in light microscopy where an oil with a high refractive index is placed between the specimen slide and objective lens to increase resolution.

Low-power

Typically refers to a setting or condition involving low-level energy or magnification.

High-power

Refers to an objective lens on a microscope with a high magnification capability, used for examining small or detailed samples.