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12. The contractual restriction of Retained Earnings is one where the company voluntarily restricts a part of its retained earnings (Retained Earnings) to expand or
12. The contractual restriction of "Retained Earnings" is one where the company voluntarily restricts a part of its retained earnings (Retained Earnings) to expand or buy new facilities.
a. true b. False
13. When a Stock Dividend of 40% of the total outstanding shares is declared, the Retained Earnings account is debited at par value.
a. true b. False
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