Question: A retained earnings appropriation can be used to a. Absorb a fire loss when a company is self-insured. b. Provide for a contingent loss that

A retained earnings appropriation can be used to

a. Absorb a fire loss when a company is self-insured.

b. Provide for a contingent loss that is probable and reasonably estimable.

c. Smooth periodic income.

d. Restrict earnings available for dividends.

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