Identify the Account Used by Businesses to Record the Transfer

question 62

Multiple Choice

Identify the account used by businesses to record the transfer of assets from a business to its stockholders:

• A)A revenue account.
• B)The dividends account.
• C)The common stock account.
• D)An expense account.
• E)A liability account.

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Definitions:

Executing Task

Involves carrying out or performing a specific task or activity as part of a broader set of objectives or goals.

Electricians

Skilled tradespeople specialized in the installation, maintenance, and repair of electrical systems in homes, commercial buildings, and other structures.

Network

A collection of interconnected people or systems that exchange information or resources.

Interaction

The reciprocal action or influence between entities or individuals.