menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 26
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    A Dividend Account Is Known as a Contra Equity Account
Solved

A Dividend Account Is Known as a Contra Equity Account

Question 127

Question 127

True/False

A dividend account is known as a contra equity account.

Correct Answer:

verifed

Verified

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

Related Questions

Q120: The ledger provides a good indication of

Q121: The account credited when cash is received

Q122: A trial balance is a list of

Q123: Accounting transactions are first recorded in a

Q124: All revenue accounts normally have a credit

Q125: The normal balance of a liability account

Q126: An owners' investment of land and a

Q128: The entry to record the purchase of

Q129: The purchase of a building with a

Q130: The costs of operating a business are

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