On the end-of-period spreadsheet, the common stock and dividends account balances are extended to the Balance Sheet columns.

Name: On the end-of-period spreadsheet, the common stock and dividends account balances are extended to the Balance Sheet columns.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

The common stock and dividends account balances are both reported on the balance sheet, so they are extended to the Balance Sheet columns on the end-of-period spreadsheet.

On the End-Of-Period Spreadsheet, the Common Stock and Dividends Account