The Dividends Account Is a Permanent Account Whose Balance Is

question 188

True/False

The Dividends account is a permanent account whose balance is carried forward to the next accounting period.

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Definitions:

Source Traits

Stable and permanent traits that are the basic factors of personality, derived by the method of factor analysis.

Surface Traits

Traits that show a correlation but do not constitute a factor because they are not determined by a single source.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, shaping their patterns of thought, feelings, and behaviors.

Factor

An element contributing to a particular result or situation.