Owner's Withdrawals Is A(n)________ Account That Has a Normal ________

question 143

Multiple Choice

Owner's Withdrawals 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:

Share

A unit of ownership interest in a corporation or financial asset, giving the holder a proportionate claim on the company’s assets and profits.

Annual Dividend

The total dividend payment a company distributes to its shareholders for each share held over the course of a year.

Required Rate

Often referred to as the required rate of return, this is the minimum annual percentage return an investor expects to achieve from an investment.

Dividend Growth

The annual rate at which a company's dividends per share increase over time, indicating its ability to consistently raise dividend payments.