Which Statement Is incorrect

question 23

Multiple Choice

Which statement is incorrect?

• A)Dividends represent a distribution by a corporation to its stockholders.
• B)Dividends are shown on the income statement.
• C)Dividends reduce stockholders' equity, thus the Dividends account increases on the left side.
• D)The Dividends account has a normal debit balance.

---

Definitions:

Tough Battlers

Individuals or groups who are known for their resilience and determination in facing challenges.

Lack of Identity

The state of not having a clear or defined sense of self or belonging.

Male-Dominated

Characterized by or reflecting a situation or environment where men are in the majority or control most positions of power.

Collective Intelligence

The ability of a team to perform well across a range of tasks.