Equity is increased when net income exceeds dividend distributions

Which of the following describes the classification and normal balance of the Unearned Rent Revenue account?

a. Asset, debit b. Liability, credit c. Revenues, credit d. Expense, debit

Which of the following statements is true of the Chinese economy?

A) The United Kingdom is China's largest trading partner. B) The Chinese economy has been converted to a communist controlled system from a free-market system. C) The Chinese economy started growing tremendously during the Mao era. D) The Chinese are the biggest global supplier of consumer goods.