A retained earnings appropriation is a restriction of retained earnings by

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Retained earnings appropriations are typically made by the board of directors, as they are responsible for making decisions related to the company's financial strategy and allocation of resources. While stockholders may have some input on financial decisions through voting on proposals, they do not typically make specific appropriations of retained earnings. Senior management may make recommendations to the board regarding appropriations, but the final decision rests with the board. Accountants may provide financial advice and guidance, but they do not make decisions related to retained earnings appropriations.

A Retained Earnings Appropriation Is a Restriction of Retained Earnings