If the board of directors authorizes a $100,000 restriction of retained earnings for a future plant expansion, the effect on this action is to
A. decrease total assets and total stockholders' equity
B. increase stockholder's equity and decrease total liabilities
C. decrease total retained earnings and increase total liabilities
D. reduce the amount of retained earnings available for dividend declarations
Ans: D. reduce the amount of retained earnings available for dividend declarations
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A digital versatile disc can store approximately 100 times more
data than a CD-ROM. Indicate whether the statement is true or false
Suppose that you deposit $10,000 in an account that pays 6% interest and you want to know how much will be in your account at the end of 10 years. To solve this problem in Microsoft Excel, you would use which of the following Excel formulas?
A) =FV(.06,10000,0,10) B) =PV(.06,10000,0,10) C) =FV(.06,10,0,10000) D) =PV(.06,10,0,10000)