Dividends Is A(n) ________ Account That Has a Normal ________

question 186

Multiple Choice

Dividends is a(n) ________ account that has a normal ________ balance.

• A) liability; credit
• B) equity; debit
• C) liability; debit
• D) equity; credit

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Definitions:

Domestic Firm

A company that operates primarily within the borders of its home country and is subject to its home country's jurisdiction and regulations.

Ownership Interest

Indicates an individual's or entity's legal rights and stakes in a company or property.

Consolidated Stockholders' Equity

The total equity in a conglomerate of all the shareholders combined, as if the conglomerate and its subsidiaries were a single entity.

Investment Income

Income received from investment assets, including dividends, interest, and capital gains.