题目内容

Identify all correct answers. Distribution of cash dividends ().

A. decrease owners' equity
B. decrease net income
C. are recorded by debiting the Dividend Payable Account
D. are business expenses

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The accounting reporting period agrees to the calendar year.

A. 对
B. 错

If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts.

A. 对
B. 错

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A. 对
B. 错

Prepaid Insurance is an example of a current asset.

A. 对
B. 错

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