Common stock dividends distributable is classified as a(n)

Question 20

Common Stock Dividends Distributable is classified as a(n)

stockholders' equity account.

expense account.

liability account.

asset account.

Answer

Common stock dividends distributable is an equity account and it has a normal credit balance. It is added to capital stock on the balance sheet.

Common stock dividends distributable is an equity account and it has a normal credit balance. It is added to capital stock on the balance sheet.

liability account. Common Stock Dividends Distributable is classified as a(n) stockholders'

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