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If the board of directors authorizes a $88000 restriction of retained earnings for a future plant expansion, the effect of this action is to O

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If the board of directors authorizes a $88000 restriction of retained earnings for a future plant expansion, the effect of this action is to O increase stockholders' equity and to decrease total liabilities. O reduce the amount of retained earnings available for dividend declarations. O decrease total assets and total stockholders' equity. O decrease total retained earnings and increase total liabilities

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