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:

Market Rate

The prevailing interest rate available in the marketplace or the usual rate charged or paid for a particular item or service.

Discount on Bonds

The discrepancy between a bond's nominal value and its market price when the bond is issued at a price below its nominal value.

Interest Method

A technique for calculating the interest expense or income on a financial instrument over a specific period based on its carrying amount and effective interest rate.

Market Rate

The prevailing price or interest rate that goods, services, or securities can be bought or sold in a competitive marketplace.