Identify the Account Used by Businesses to Record the Transfer

question 62

Multiple Choice

Identify the account used by businesses to record the transfer of assets from a business to its stockholders:

• A)A revenue account.
• B)The dividends account.
• C)The common stock account.
• D)An expense account.
• E)A liability account.

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Definitions:

Table

A piece of furniture with a flat top and one or more legs, used as a surface for working, eating, or on which to place objects.

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The theory that cognitive processes are deeply rooted in bodily interactions with the environment.

Concept

A mental representation or an abstract idea that groups together objects, events, qualities, or relations on the basis of common properties.

Mental Simulations

The process of imagining or envisioning scenarios in one's mind to predict outcomes, solve problems, or plan actions.