The Amount in the Dividends Account Should Be Carried Over

question 204

Multiple Choice

The amount in the Dividends account should be carried over from the adjusted trial balance of the 10-column work sheet to which of the following columns?

• A) Income statement as a debit
• B) Income statement as a credit
• C) Balance sheet as a debit
• D) Balance sheet as a credit

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Definitions:

Glucagon

A hormone produced by the pancreas that raises blood glucose levels by promoting the conversion of stored glycogen into glucose in the liver.

Insulin

A substance created by the pancreas that controls the levels of sugar in the blood by helping glucose enter the body's tissues.

Fasting

The act of willingly refraining from some or all food, drink, or both, for a period of time.

Breakfast

The first meal of the day, usually eaten in the morning, considered important for providing the necessary energy and nutrients after an overnight fast.