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Rick's Internet Corporation's Balance in Retained Earnings Is $50,000

Question 114

Multiple Choice

Rick's Internet Corporation's balance in Retained Earnings is $50,000.The board of directors directs that $25,000 be appropriated for future business expansion.This will cause total retained earnings to:


A) remain at $50,000.
B) increase by $25,000.
C) decrease by $25,000.
D) increase or decrease $25,000,as determined by the board.

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