MCQ: Financial AccountingWhich of the following is NOT a component ofstockholders' equity?(a) Retained Earnings(b) Notes Payable(c) Dividends(d) Common Stock

Explanation of Stockholders' Equity:Stockholders' equity represents the residual interest in the…

Answered: MCQ: Financial Accounting Which of the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 28MC: What is the impact on the accounting equation when stock is issued, in exchange for assets? A. both...

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Define type
Which type of account is "Treasury Stock"? a) Asset b) Contra-equity c) Liability d) Expense
Which of the following stockholders' equity accounts follows the same debit and credit rules as liabilities? a.dividends accounts only b.revenue, common stock, and retained earnings accounts c.expense and dividends accounts d.expense accounts only
For each item below, indicate to which category of elements of financial statements it belongs. (Asset, liabilities, equity, none of them) a. Retained earnings. c. Share Premium. e. Depreciation. g. Interest payable. i. Gain on sale of investment. b. Sales. d. Inventory. f. Loss on sale of equipment. h. Dividends. j. Issuance of ordinary shares.
The statement of stockholders equity does not include -retained earnings -equity method investments -treasury stock -accumulated other comprehensive income
Sales revenue is reported in the stockholder’s equity section of the balance sheet? True/false
Which of the following would NOT be included as an asset on a corporate balance sheet? Select one: O A. Common stocks OB. Accounts receivable OC. Buildings O D. Inventory
Which is a component of stockholder's equity? a. Sinking funds b. Deferred charges c. Accumulated other comprehensive income d. Realized capital
Define each of the following terms:b. Common stockholders’ equity, or net worth; retained earnings
Question Content Area Which of the following entries journalizes the issuance of common stock? a.debit Fees Earned; credit Common Stock b.debit Common Stock; credit Accounts Receivable c.debit Cash; credit Common Stock d.debit Dividends; credit Cash
Explain thoroughly why it is the answer.

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MCQ: Financial Accounting Which of the following is NOT a component of stockholders' equity? (a) Retained Earnings (b) Notes Payable (c) Dividends (d) Common Stock