The Stockholders' Equity Accounts Dividends, Revenues and Expenses Have Normal

question 151

Multiple Choice

The Stockholders' Equity accounts Dividends, Revenues and Expenses have normal balances of:

• A)credit, debit, and debit, respectively.
• B)debit, credit, and credit, respectively.
• C)debit, credit, and debit, respectively.
• D)credit, credit, and credit, respectively.

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Definitions:

Programmed Decision

A decision made in response to a recurring problem that involves a procedure or rule for its resolution.

Crisis Decision

Occurs when an unexpected problem can lead to disaster if not resolved quickly and appropriately.

Certainty

The state of being completely confident or assured about something, without any doubt.

Jeopardy

A situation involving exposure to danger, risk, or harm.