Which Statement Is incorrect

question 23

Multiple Choice

Which statement is incorrect?

• A)Dividends represent a distribution by a corporation to its stockholders.
• B)Dividends are shown on the income statement.
• C)Dividends reduce stockholders' equity, thus the Dividends account increases on the left side.
• D)The Dividends account has a normal debit balance.

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Definitions:

Dress Code

A set of guidelines specifying the expected manner of dressing for a particular context, such as workplace or school.

Observable Culture

The visible and tangible elements of a culture that can be witnessed through practices, behaviors, and symbols within a group or organization.

Unobservable Culture

Aspects of an organization's culture that are not easily seen or understood by outsiders, such as values and beliefs.

External Adaptation

A pattern of basic assumptions shared between employees of the goals, tasks, and methods that need to be achieved, together with ways of managing success and failure.