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In Accordance with Restrictive Debt Covenants, Morris Company Appropriated $30,000

Question 97

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In accordance with restrictive debt covenants, Morris Company appropriated $30,000 of retained earnings. Which of the following entries would be required to recognize this appropriation?


A) In accordance with restrictive debt covenants, Morris Company appropriated $30,000 of retained earnings. Which of the following entries would be required to recognize this appropriation? A) B) C) D)
B) In accordance with restrictive debt covenants, Morris Company appropriated $30,000 of retained earnings. Which of the following entries would be required to recognize this appropriation? A) B) C) D)
C) In accordance with restrictive debt covenants, Morris Company appropriated $30,000 of retained earnings. Which of the following entries would be required to recognize this appropriation? A) B) C) D)
D) In accordance with restrictive debt covenants, Morris Company appropriated $30,000 of retained earnings. Which of the following entries would be required to recognize this appropriation? A) B) C) D)

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