menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 6
  4. Exam
    Exam 2: Transaction Analysis
  5. Question
    The Normal Balance of the Common Stock Account Is a __________
Solved

The Normal Balance of the Common Stock Account Is a __________

Question 75

Question 75

Multiple Choice

The normal balance of the Common Stock account is a __________ because it increases __________.


A) debit, assets
B) debit, expenses
C) debit, stockholders' equity
D) credit, stockholders' equity

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q71: Paying a utility bill as soon as

Q72: The owner of a business paid cash

Q73: To compute ending retained earnings on the

Q74: The journal entry to record performing a

Q76: A business purchases a truck by signing

Q77: Accounts are listed in the ledger:<br>A)alphabetically.<br>B)chronologically.<br>C)in random

Q78: The normal balance of an account:<br>A)is always

Q79: All of the following accounts would be

Q97: When using a four-column ledger account format,

Q149: A trial balance has total debits of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines