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

question 145

Multiple Choice

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

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

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Definitions:

Foreseen Users

Individuals who are reasonably anticipated to use a product or service, considered by manufacturers and service providers in liability assessments.

Near Privity

A legal doctrine that expands the scope of who can sue for breach of contract to include parties with a close enough relationship to the transaction, though not directly involved.

Negligent

The failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for the resulting damages.

Reasonably Foreseeable

A legal standard referring to events or consequences that a person should anticipate as likely to happen under certain circumstances.