Multiple Choice
The account used to record the transfers of assets from a business to its stockholders is:
A) A revenue account
B) The dividends account
C) Common stock account
D) An expense account
E) A liability account
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q56: _ is the process of transferring journal
Q74: A business paid a $100 cash dividend.Assume
Q75: Indicate whether a debit or credit entry
Q76: Items such as sales slips,invoices,checks,and purchase orders
Q80: When a company provides services for which
Q81: Compute net income for May based on
Q82: A credit is used to record:<br>A)An increase
Q111: The heading on each financial statement lists
Q168: A compound journal entry affects no more
Q179: In a double-entry accounting system, the total