GENERAL ACCOUNT Stockholders' equity can be described as claims of:a. owners on total assets.b. creditors on total assets.c. customers on total assets.d. debtors on total assets.

The correct answer is:a. owners on total assets. Explanation:What is Stockholders'…

Answered: Stockholders' equity can be described…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 11Q: Explain how the following items affect equity: revenue, expenses, investments by owners, and...

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Similar questions

Explain how the following items affect equity: revenue, expenses, investments by owners, and distributions to owners.
Comprehensive income: includes transactions that affect stockholders equity with the exception of those transactions that involve owners. is considered an appropriation of retained earnings. includes all transactions that are under managements control. is the result of all events and transactions reported on the income statement.
Classification of Financial Statement Items Classify each of the following items according to (1) whether it belongs on the income statement (IS) or balance sheet (BS) and (2) whether it is a revenue (R), expense (E), asset (A), liability (L), or stockholders equity (SE) item.
provide account option
Financial Account
Under IFRS, liabilities and shareholders' equity on the balance sheet usually appear in which order? Equity, noncurrent liabilities, and current liabilities O Equity, current liabilities, and noncurrent liabilities Current liabilities, noncurrent liabilities, and equity Noncurrent liabilities, current abilities, and equity
Assets, liabilities, and stockholders' equity are all found within which of the following financial statements? Select one: a. Income Statement. b. Balance Sheet / Statement of Financial Position. c. Statement of Shareholders' equity. d. Retained earnings statement.
The type of account and normal balance of retained earnings is stockholders equity, credit contra asset, credit asset, debit liabilty, credit
Need correct answer. Account
What is the correct order of Financial Statement preparation? I. Balance Sheet II. Income statement III. The statement of stockholders' equity
The account Valuation Allowance for Investments in Common Stock is included on the: A. statement of retained earnings. B. balance sheet as an adjustment to stockholders' equity. C. balance sheet as an adjustment to the investment asset account. D. income statement as other revenue (expense).
How do you calculate liabilities and stock holders equity on a balance sheet?

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Stockholders' equity can be described as claims of: a. owners on total assets. b. creditors on total assets. c. customers on total assets. d. debtors on total assets.