duplicateMovieClip Event

Example used: Grassy Fields

If you have a movie clip and assign to it via the onClipEvent (Load) OR simply the movieclip.onLoad a whole bunch of data (properties of that movieclip):

When you duplicate that movieclip, does it duplicate all the actionscript contained within? I’m thinking it does, but I am wondering if someone can confirm… and explain.

ThankYou.