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kssteele
Mar 6, 2012, 07:38 PM
True or False

The normal balance for the dividends account is debit, so it may be shown with assets or expenses on the trial balance

pready
Mar 7, 2012, 07:27 AM
Dividends are closed out to Retained Earnings. It is its own account and is not listed as an asset or as an expense, it will be listed separately on the Trial Balance.