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The correct accounting for accounts receivable accounts with credit balances, provided they are significant, would be:
Dividend Paid
The amount distributed by a corporation to its shareholders from its earnings based on the number of shares each shareholder owns.
Par Value
The face value of a bond or stock as stated by the issuing company, not necessarily its market value.
Dividend Paid
Dividend Paid refers to the amount of earnings distributed by a corporation to its shareholders as a reward for their investment.
Preferred Stock
A type of stock issued by corporations, which gives holders a right to share in earnings and liquidation before common shareholders do.
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