Which one of the following would always restrict a portion of retained earnings?
A) The sale of a plant asset
B) A sale of treasury stock
C) A declaration of cash dividends
D) An appropriation declared by the Board of Directors
Correct Answer:
Verified
Q26: Dividends are not paid on
A)noncumulative preferred stock.
B)nonparticipating
Q27: Treasury stock is
A)an asset representing a corporate
Q28: Preferred stock may be preferred by investors
Q29: Which one of the following events increases
Q30: The declaration of cash dividends
A)increases total expenses.
B)decreases
Q32: Which one of the following events increases
Q33: Dividends in arrears on cumulative preferred stock
A)increase
Q34: If a company sells its treasury stock
Q35: If preferred stock is participating, then
A)preferred dividends
Q36: The payment of previously declared cash dividends
A)increases
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