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The third option is wrong! Restrictions on retained earnings include all but which of the following characteristics? Restrictions on retained earnings must be disclosed in
The third option is wrong!
Restrictions on retained earnings include all but which of the following characteristics? Restrictions on retained earnings must be disclosed in the notes to the financial statements. Arestriction on retained earnings means a reduction in the power to declare dividends. Only a portion of retained earnings may be restricted. O Ajournal entry must be made to indicate such a restrictionStep by Step Solution
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