Explain why an appropriation of retained earnings is not the same thing as setting aside cash. How

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Explain why an appropriation of retained earnings is not the same thing as setting aside cash. How does a corporation dispose of an appropriated retained earnings account, such as Retained Earnings Appropriated for Building?

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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