Which of the following BEST describes the appropriation of retained earnings?
A) Earmarking certain amounts for specific business purposes, such as for growth or expansion projects
B) Restricting cash dividends or treasury stock purchases so that the company maintains adequate levels of equity
C) Designating certain amounts of retained earnings for cash dividends to be paid out to shareholders
D) Limiting company transactions in order to boost earnings and profits
Correct Answer:
Verified
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