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COGNITIVE ASSESSMENT Which of the following statements best describes a BAN?
Credit
An accounting entry that increases the balance of liabilities and equity accounts, or decreases the balance of an asset or expense account.
Stockholders' Equity
The equity held by stockholders in a corporation, determined by subtracting total liabilities from total assets.
Dividends Account
An account used in accounting to track distributions of earnings paid to shareholders.
Salary Expense Account
An account recording the total amount paid to employees for services rendered during a specific period, before any deductions.
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