Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how are dividends treated in a double-entry system

How are dividends treated in a double-entry system? A they are credited to...

60.1K

Verified Solution

Question

Accounting

How are dividends treated in a double-entry system?

A

  • they are credited to increase them, because they are a part of stockholders equity.

  • B :

    They are debited to increase them, because they are assets.

  • C :

    They are debited to increase them, despite being a part of stockholders equity.

  • D :

    They are credited to increase them, because they are liabilities.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Use the International Stock Market database from “Excel Databases.xls” on Blackboard. Use Excel to develop a...

Statistics
Q

How homeostatic imbalance results in ALS symptoms?

Medical Sciences
Q

Listen How can cnidarians such as sea jellies survive in the water with no gills...

Biology
Q

The force required to compress a spring varies directly as the change in the length...

Basic Math
Q

Complete parts a through h for the data below 40 70 80 D 63 46...

Statistics
Q

What differentiable functions have an arc length on the interval a b given by the...

Calculus
Q

Determine the adjusted cash balance for December 31, given: Balance per bank statement USD 2,981.20...

Accounting
Q

Jakub Voracek Corporation makes hockey pucks. The hockey pucks are made...

Accounting
Q

Express the variable and fixed costs in the form Y=a+bX. Note: Do not round your...

Accounting
Q

Accounts receivable from sales transactions were $47,516 at the beginning of the year and $66,141...

Accounting
Q

View Policies Current Attempt in Progress Coronado Compamy has a beginning merchandise inventory of $13000,...

Accounting
Q

Jason currently owes $12,000 to a friend who is charging him interest of 2.40% pa...

Accounting