1. What is the equity account that exists only until the common stock shares are distributed?O Retained EarningsO Common Stock Dividend DistributableO Common StockO Common Stock Dividend Payable79°F RainCH

Name: 1. What is the equity account that exists only until the common stock
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Description: 1. What is the equity account that exists only until the common stock shares are distributed?O Retained EarningsO Common Stock Dividend DistributableO Common StockO Common Stock Dividend Payable79°F RainCH

First option is wrong because Retained Earnings are kept in business to employ in future activities…

Answered: equity account that exists only until…

Business

Accounting

equity account that exists only until the common stock shares are distributed

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 2MC

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