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  3. an appropriation of retained earnings by the board

An appropriation of retained earnings by the board of directors of a corporation for bonded...

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Accounting

An appropriation of retained earnings by the board of directors of a corporation for bonded indebtedness will result in
The establishment of a sinking fund to retire bonds when they mature.
The disclosure that management does not intend to distribute assets, in the form of
dividends, equal to the amount of the appropriation.
A decrease in the total retained earnings presented on the balance sheet.
A decrease in cash on the balance sheet with an equal increase in the investment and
funds section of the balance sheet.
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