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A restriction of retained earnings: A. Reduces the dollar amount of retained earnings shown in the balance sheet. B. Appears in the statement of retained
A restriction of retained earnings:
A. Reduces the dollar amount of retained earnings shown in the balance sheet.
B. Appears in the statement of retained earnings as a reduction of ending retained earnings.
C. Appears in the liability section of the balance sheet.
D. Limits the dollar amount of dividends a corporation may declare
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