Identify the Statement Below That Is Incorrect

question 170

Multiple Choice

Identify the statement below that is incorrect.

• A)The normal balance of accounts receivable is a debit.
• B)The normal balance of dividends is a debit.
• C)The normal balance of unearned revenues is a credit.
• D)The normal balance of an expense account is a credit.
• E)The normal balance of the common stock account is a credit.

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Definitions:

Slavery In The United States

A historical system where individuals were owned by others, deprived of personal freedom, and forced to perform labor or services.

American Values

The set of beliefs, principles, and norms that are widely held or practiced by the American people, shaping national identity and culture.

Political Authority

Political authority refers to the legitimate power held by government officials or institutions to make laws, govern, and enforce rules.

Popular Sovereignty

The principle that the authority of a state and its government is created and sustained by the consent of its people, through their elected representatives.