Asked by
Evelyn Williams
on Oct 28, 2024
Verified
Which of the following is not reported as a liability on a balance sheet?
A) Income taxes payable.
B) Common stock.
C) Accounts payable.
D) Dividends payable.
Dividends Payable
A liability account in a company's balance sheet indicating the amount in dividends that the company owes to its shareholders but has not yet paid out.
- Understand the classification of items on the balance sheet and the distinction between assets, liabilities, and equity.
Verified Answer
JA
Learning Objectives
- Understand the classification of items on the balance sheet and the distinction between assets, liabilities, and equity.
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