When Listing the Accounts on the Trial Balance,where Is the Dividends

question 145

Multiple Choice

When listing the accounts on the trial balance,where is the dividends account listed?

• A)It is not listed on the trial balance.
• B)After Retained Earnings.
• C)After Service Revenue or Sales Revenue.
• D)As part of the expense accounts.

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Definitions:

Standard Costs

Predetermined costs for materials, labor, and overhead used as a benchmark to assess the actual performance and efficiency of production.

Fixed Manufacturing Overhead

Costs associated with manufacturing that do not vary with the level of production, including expenses like rent and salaries of managers.

Raw Materials Purchases

The total cost incurred by a company to buy the raw materials needed for production.

Standard Costs

Standard costs are predetermined costs of manufacturing a single unit or a number of units of a product during a specific period under assumed conditions.