The classification and normal balance of the Dividends account is
A)revenue with a credit balance.
B)an expense with a debit balance.
C)a liability with a credit balance.
D)stockholders' equity with a debit balance.

Question

Quizplus · Accepted Answer

Dividends are distributions of a corporation's earnings to its shareholders and are classified as a reduction in stockholders' equity, having a normal debit balance.

The Classification and Normal Balance of the Dividends Account Is