Dividends decrease stockholders' equity and are listed on the income statement as a deduction from revenue.
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Q21: Revenue accounts are increased by credits.
Q22: A debit is abbreviated as Db and
Q23: The normal balance of revenue accounts is
Q25: Revenues are equal to the difference between
Q26: When an owner invests assets in the
Q29: When a business receives a bill from
Q31: When an account receivable is collected in
Q32: A dividends account represents the amount of
Q35: Stockholders' equity is reduced by the amount
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