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ochreferret730Lv1

28 Nov 2020

Dividends payable is classified as a:

a. long-term asset

b. current liability

c. contra stockholders' equity account to retained earnings

d. stockholders' equity account

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Related questions

Which of the following describes the classification and normal balance of the retained earnings account? a. Asset, debit b. Stockholders' equity, credit c. Liability, credit d. Stockholders' equity, debit

1. What type of account is Prepaid Insurance?

a. asset

b. contra asset

c. liability

d. stockholder's equity

e. contra stockholder's equity

f. revenue

g. expense

2. What is the normal balance of prepaid insurance?

a. Debit

b. Credit

3. Which financial statement does prepaid insurance appear?

a. Income Statement

b. Statement of Retained Earnings

c. Balance Sheet

Unearned revenue is classified as a(n):

a. asset account.

b. revenue account.

c. contra revenue account.

d. liability.

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