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NEW QUESTION: 1
At December 31, 1996, Eaton Corp. reported $1,750,000 of appropriated retained earnings for the construction of a new office building, which was completed in 1997 at a cost of $1,500,000. In 1997, Eaton appropriated $1,200,000 of retained earnings for the construction of a new plant. Also, $2,000,000 of cash was restricted for the retirement of bonds due in 1998. In its 1997 balance sheet, what amount should Eaton report as appropriated retained earnings?
A. $2,950,000
B. $1,200,000
C. $1,450,000
D. $1,750,000
E. $3,200,000
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Appropriating retained earnings is a formal way of marking a portion of retained earnings for other uses.
This is done by reducing retained earnings and transferring the money to appropriated retained earnings.
When the appropriation is no longer necessary, the money is moved back to retained earnings.

NEW QUESTION: 2
You are creating a BAC element for your solution. What is the minimum business configuration type that you need to create the BAC element?
Please choose the correct answer.
A. At least one country and business option
B. At least one business topic and business option
C. At least one business option
D. At least one business topic
Answer: C

NEW QUESTION: 3
Which two capabilities of the Symantec Backup Exec 2014 Agent for Microsoft Exchange are supported? (Select two.)
A. Direct granular restore from tape without prior disk staging
B. Continuous backup of Exchange databases and mailboxes
C. Restore of mailboxes or mailbox items to a .PST file
D. Granular restore of Database Availability Groups (DAG) in a virtual environment
E. Restores of individual mail items
Answer: C,E