When Listing the Accounts on the Trial Balance,where Is the Account

question 40

Multiple Choice

When listing the accounts on the trial balance,where is the account Dividends listed?

• A)It is not listed on the trial balance.
• B)After Retained Earnings.
• C)After Service Revenue or Sales Revenue.
• D)After all the expense accounts.

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Definitions:

Straight-Line Depreciation

An approach to evenly spread out an asset's expense over its lifespan.

Overhead Allocation

The process of distributing indirect costs to various cost objects, such as products or departments, to accurately reflect the resources consumed by each.

Intangibles

Assets owned by a company that don't have physical substance but have value, such as patents, trademarks, and copyrights.

Intangible Assets

Refers to non-physical assets that have value, such as patents, trademarks, goodwill, and copyrights.