Solved

Match Each Account Classification with Its Example

Question 172

Matching

Match each account classification with its example.

Premises:
Payments made to stockholders.
Amounts owned to the bank.
Workers' salaries for the current period.
Land owned by a company.
Common stock issued to investors.
Cleaning services provided to customers.
Responses:
Assets
Stockholders' equity
Expenses
Dividends
Liabilities
Revenues

Correct Answer:

Payments made to stockholders.
Amounts owned to the bank.
Workers' salaries for the current period.
Land owned by a company.
Common stock issued to investors.
Cleaning services provided to customers.
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