Stockholders' equity is reduced by the amount in the dividends account.
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Q21: Revenue accounts are increased by credits.
Q23: The normal balance of revenue accounts is
Q25: Revenues are equal to the difference between
Q26: For a month's transactions for a typical
Q29: When a business receives a bill from
Q31: Dividends decrease stockholders' equity and are listed
Q32: A dividends account represents the amount of
Q37: The normal balance of the dividends account
Q39: When an account payable is paid with
Q47: Liability accounts are increased by debits.
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