In which of the following industries is the going-rate pricing approach most often used?

Which of the following statements is true?

A) Appropriations of retained earnings require journal entries, but restrictions on retained earnings are usually reported in notes to the financial statements. B) No journal entries are needed to appropriate or restrict retained earnings. C) Both appropriations and restrictions of retained earnings require journal entries. D) Restrictions on retained earnings must be journalized, but appropriations are usually reported in notes to the financial statements.

Water transportation is rated "low" in reliability since approximately 200 freighters sink due to bad weather or other factors

Indicate whether the statement is true or false