The Classification and Normal Balance of the Dividend Account Is

question 61

Multiple Choice

The classification and normal balance of the dividend account is

• A) a liability with a credit balance.
• B) revenue with a credit balance.
• C) shareholders' equity with a debit balance.
• D) an expense with a debit balance.

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Definitions:

American Society

The social structure, culture, and community life of the United States.

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Majority Rule

A principle in decision-making processes where the option that receives more than half of the votes prevails.

Early Twentieth Century

A period ranging from the year 1901 to 1940, characterized by significant technological, political, and cultural changes.