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:

Observations

The act of observing something or the data collected during an event or process.

Populations

The entire group of individuals or instances about whom the data is collected or a study is conducted.

Elements

The entities on which data are collected.

Samples

Collections or subsets of data taken from a larger population, used to analyze and make inferences about the population.