Which of the Following Accounts Probably Would Be Listed Before

question 130

Multiple Choice

Which of the following accounts probably would be listed before the others in a chart of accounts?

• A) Accumulated Depreciation-Buildings
• B) Insurance Expense
• C) Dividends
• D) Notes Payable

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Definitions:

Arrearage

A legal term for the part of a debt that is overdue after missing one or more required payments.

Preferred Shareholders

Investors who own preferred shares in a company, giving them priority over common shareholders in the distribution of dividends and assets.

Dividend Distributions

Payments made by a corporation to its shareholders, usually derived from the company's earnings.

Cumulative Voting

A voting system that allows shareholders to concentrate their votes on a single candidate for the board of directors.