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.Stockholders' equity represents the residual…

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.
GENERAL ACCOUNT
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.
Define each of the following terms:b. Common stockholders’ equity, or net worth; retained earnings
The type of account and normal balance of retained earnings is stockholders equity, credit contra asset, credit asset, debit liabilty, credit
Stockholder's equity can best be defined as the right of a. Creditors b. Owners c. Either owners or creditors d. Both owners and creditors
are items owed to a creditor. company. resources. are items owned by a represents owners' claims to company a. Expenses; Revenues; Net income b. Expenses; Revenues; Stockholders' equity c. Liabilities; Assets; Stockholders' equity d. Liabilities; Assets; Net income
Organize the following under Income Statement, Share Holder's Equity, and Balance Sheet. a. Interest Receivable b. Interest Revenue c. Accounts Payable d. Accumulated Depreciation e. Wage Payable

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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.