For each transaction, indicate whether each account would be classified as (a) An asset, (b) A liability,

Question:

For each transaction, indicate whether each account would be classified as
(a) An asset,
(b) A liability,
(c) Stockholders€™ equity to be reported in the balance sheet;
(d) A revenue
(e) An expense to be reported in the income statement;
(f) A to be reported in the statement of stockholders€™equity.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...