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Which of the Following Statements Is Incorrect

Question 34

Multiple Choice

Which of the following statements is incorrect?


A) The normal balance of accounts receivable is a debit.
B) The normal balance of dividends is a debit.
C) The normal balance of unearned revenues is a credit.
D) The normal balance of an expense account is a credit.
E) The normal balance of common stock is a credit.

Correct Answer:

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