The Dividends Account Is an Expense

question 38

True/False

The Dividends account is an expense.

---

Definitions:

E-evidence

Digital evidence stored on electronic devices, used in court to support legal claims or defenses.

Default Judgment

A judgment entered by a court against a defendant who has failed to appear in court to answer or defend against the plaintiff’s claim.

Affirmative Defense

A response to a plaintiff’s claim that does not deny the plaintiff’s facts but attacks the plaintiff’s legal right to bring an action. An example is the running of the statute of limitations.

Negligence

The failure to exercise the standard of care that a reasonable person would exercise in similar circumstances.