When a corporation distributes a dividend, the
A) most common form of distribution is a cash dividend.
B) Dividends account will be increased with a credit.
C) Retained Earnings account will be directly increased with a debit.
D) Dividends account will be decreased with a debit.
Correct Answer:
Verified
Q71: A credit to a liability account
A) indicates
Q80: Assets normally show
A) credit balances.
B) debit balances.
C)
Q123: In the first month of operations, the
Q124: Why are expenses increased with a debit?
A)They
Q125: Which pair of the listed accounts follows
Q126: Which statement is incorrect?
A)Dividends represent a distribution
Q127: Which of the following statements is not
Q131: If the Cash account has a credit
Q132: The Cash account balance of Eckert Enterprises
Q133: Which account below is not a subdivision
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