Which of the Following Would Be an Appropriate Account Number

question 58

Multiple Choice

Which of the following would be an appropriate account number for Selling Expenses?

• A) 11
• B) 21
• C) 41
• D) 61

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with no voting rights but with a fixed dividend.

Common Stock

Represents equity ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Dividend Per Share

The portion of a company's earnings allocated to each outstanding share of common stock.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividends.