The Accounts Payable Account Is

question 15

Multiple Choice

The Accounts Payable account is:

• A)a capital,and it has a normal debit balance.
• B)an expense,and it has a normal credit balance.
• C)a liability,and it has a normal debit balance.
• D)a liability,and it has a normal credit balance.

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Definitions:

Dividend Rate

The amount of dividend paid per share divided by the price per share, often expressed as a percentage, indicating the returns shareholders receive for each dollar invested in the company's stock.

Date of Record

The cutoff date set by a company to determine which shareholders are eligible to receive a dividend or participate in a corporate action.

Dividend Payable

Liability showing amount of cash dividend owed.

Stock Split

Issuing of additional shares of stock to stockholders; total par or stated value remains the same.