Which of the Following Statements Is Not Correct

question 51

Multiple Choice

Which of the following statements is not correct?

• A)The entry to record the appropriation of retained earnings for warehouse construction includes a debit to Retained Earnings.
• B)Appropriated retained earnings are listed separately on the balance sheet.
• C)When retained earnings are appropriated, cash is set aside for a specific purpose.
• D)Dividends cannot be declared from appropriated retained earnings.

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Definitions:

Barrier

An obstacle that prevents progress or access, either physically or metaphorically.

After-school Activities

Organized programs or clubs that students can participate in outside of the regular school hours, which may include sports, arts, and academic clubs.

Transportation

The process or system of moving people or goods from one place to another.

Safety

The state of being safeguarded against or not susceptible to harm, danger, or damage.