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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Which of the following statements is true of the Common Stock account?
A) It is a liability account that has a normal debit balance.
B) It is a liability account that has a normal credit balance.
C) It is an equity account that has a normal credit balance.
D) It is an equity account that has a normal debit balance.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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