Which of the Following Accounts Normally Has a Credit Balance

question 32

Multiple Choice

Which of the following accounts normally has a credit balance?

• A)Cash
• B)Dividends declared
• C)Insurance expense
• D)Retained earnings

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Definitions:

Fitness To Stand Trial

The legal determination that a defendant has the mental capacity and understanding required to participate in their defense and understand courtroom proceedings.

Criminal Responsibility

The legal concept determining whether an individual can be held accountable for their actions under the law, often considering factors like mental state.

Involuntarily Hospitalize

The act of admitting an individual to a psychiatric hospital against their will for the purpose of evaluation and treatment, typically because they pose a danger to themselves or others.

Civil Commitment

A legal process through which an individual with severe mental illness can be ordered by a court to receive treatment in a psychiatric hospital.