Assuming there have been no errors, a credit to the depreciation expense account represents: to. The account has been closed at the end of the period. b. Depreciation expense has been recognized for the period. c. The asset that had been depreciated was sold. d. None of the above

The payment of cash dividends to the shareholders of a corporation represents: to. An accounting period expense b. A distribution to owners c. An increase in stockholders' equity d. A reduction in net income