Question
If the board of directors authorizes a $1.000,000 restriction of retained earnings for a future plant expansion, the effect of this action is to
If the board of directors authorizes a $1.000,000 restriction of retained earnings for a future plant expansion, the effect of this action is to O decrease total assets and total stockholders'equity. O increase stockholders' equity and decrease total liabilities. O reduce the amount of retained earnings available for dividend declarations. O decrease total retained earnings and increase total liabilities.
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
2nd edition
978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152
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