For Each of the Following, Identify in Column 1 the Category

question 24

Essay

For each of the following, identify in column 1 the category to which the account belongs, in column 2 the normal balance for the account, in column 3 the financial statement that the account in which the account balance is reported, and in column 4 the account's nature (permanent/temporary).
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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders in the company.

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in the form of cash.

Stock Dividend

Stock that is distributed to stockholders instead of cash or other assets.

Common Stock

Equity shares issued by a corporation as ownership evidence, granting voting rights and a share in the company's profits.