Dividends are paid with cash to shareholders. Dividends are in what category of the chart of accounts?
A) Revenue
B) Assets
C) Stockholders' Equity
D) Liabilities
Correct Answer:
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Q9: The Stockholders' Equity section would include accounts
Q10: The Assets section would include prepaid expense
Q11: Obligations that are owed to others due
Q12: Account titles such as Salaries Expense and
Q13: Accounts that start with the numbers 6-9
Q15: A type of asset in which a
Q16: Accounts Payable represent amounts a business must
Q17: An account numbered 321 would be considered
Q18: All payables are listed as:
A)assets.
B)liabilities.
C)Stockholders' Equity.
D)revenue.
Q19: Accounts starting with the number 4 would
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