The dividends account normally has a credit balance since it is an equity account.
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Q24: A transaction that increases an asset and
Q25: The debt ratio reflects the risk of
Q26: Asset accounts normally have credit balances and
Q29: The higher the debt ratio,the higher risk
Q30: Hamilton Industries has total liabilities of $105
Q31: The purchase of supplies on credit should
Q31: High financial leverage is always bad for
Q32: If a company provides services to a
Q33: The debt ratio is calculated by dividing
Q39: Accounts are normally decreased by debits.
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