How would the Dividends account compare with the Cash account in terms of classification in the ledger? O Cash would be found in the assets section while Dividends would be found in the stockholders' equity section. O Dividends would be found in the expenses section while Cash would be found in the revenues section. O Both would be found in the assets section. O Both would be found in the stockholders' equity section.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 4MC: Which of these transactions would be part of the financing section? A. inventory purchased for cash...
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How would the Dividends account compare with the Cash account in terms of classification in the ledger?
O Cash would be found in the assets section while Dividends would be found in the stockholders' equity section.
O Dividends would be found in the expenses section while Cash would be found in the revenues section.
Both would be found in the assets section.
Both would be found in the stockholders' equity section.
Transcribed Image Text:How would the Dividends account compare with the Cash account in terms of classification in the ledger? O Cash would be found in the assets section while Dividends would be found in the stockholders' equity section. O Dividends would be found in the expenses section while Cash would be found in the revenues section. Both would be found in the assets section. Both would be found in the stockholders' equity section.
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