If the corporation's board of directors decides a P100,000 restriction of accumulated profits for a future plant expansion, the effect of this action is a(an) O Decrease in total assets and total shareholders' equity O Increase in accumulated profits not available for dividend declaration O Decrease in total accumulated profits and increase in total liabilities O Increase in total shareholders' equity and a decrease in total liabilities

If the corporation's board of directors decides a P100,000 restriction of accumulated profits for a future plant expansion, the effect of this action is a(an) O Decrease in total assets and total shareholders' equity O Increase in accumulated profits not available for dividend declaration O Decrease in total accumulated profits and increase in total liabilities O Increase in total shareholders' equity and a decrease in total liabilities

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter5: Corporations: Earnings & Profits And Dividend Distributions

Section: Chapter Questions

Problem 31P

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