Which of the Following Stockholders' Equity Accounts Follows the Same

question 144

Multiple Choice

Which of the following stockholders' equity accounts follows the same debit and credit rules as liabilities?

• A)expense accounts only
• B)dividends accounts only
• C)revenue accounts only
• D)expense and dividends accounts

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Definitions:

Snowmelt

The runoff produced by melting snow.

Hundred-year Flood

is a term used to describe a flood event that has a 1% chance of occurring in any given year, used as a standard metric in flood risk assessment.

Probability

The statistical description of the likelihood that an event will occur.

Floodplain

A flat area of land adjacent to a river or stream that experiences occasional or regular flooding.