Which of the Following Correctly Identifies Normal Balances of Accounts

question 121

Multiple Choice

Which of the following correctly identifies normal balances of accounts?

• A)\[\begin{array} { l l }
• \text { Assets } & \text { Debit } \\
• \text { Liabilities } & \text { Credit } \\
• \text { Stockholders' Equity } & \text { Credit } \\
• \text { Revenues } & \text { Debit } \\
• \text { Expenses } & \text { Credit }
• \end{array}\]
• B)\[\begin{array} { l l }
• \text { Assets } & \text { Debit } \\
• \text { Liabilities } & \text { Credit } \\
• \text { Stockholders' Equity } & \text { Credit } \\
• \text { Revenues } & \text { Credit } \\
• \text { Expenses } & \text { Credit }
• \end{array}\]
• C)\[\begin{array} { l l }
• \text { Assets } & \text { Credit } \\
• \text { Liabilities } & \text { Debit } \\
• \text { Stockholders' Equity } & \text { Debit } \\
• \text { Revenues } & \text { Credit } \\
• \text { Expenses } & \text { Debit }
• \end{array}\]
• D)\[\begin{array} { l l }
• \text { Assets } & \text { Debit } \\
• \text { Liabilities } & \text { Credit } \\
• \text { Stockholders' Equity } & \text { Credit } \\
• \text { Revenues } & \text { Credit } \\
• \text { Expenses } & \text { Debit }
• \end{array}\]

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Definitions:

Contingency Theories

are theories that suggest the effectiveness of leadership depends on the context or environment, with no single best way to lead in all situations.

Leadership Style

The characteristic approach and manner in which a leader directs, motivates, and manages their team or organization.

LPC Score

A measure in the Fiedler contingency model that evaluates a leader's least preferred coworker to determine their leadership style as either task-oriented or relationship-oriented.

Task Structure

The way in which a job or task is organized, designed, and structured, including clarity, complexity, and the specified way to complete the task.