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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
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. 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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