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.
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
The numerator in the calculation of the ratio of liabilities to stockholders' equity is O a. Total Assets. O b. Total Liabilities minus Total Stockholders' Equity. O c. Total Liabilities. O d. Total Stockholders' Equity.
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
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
Define the term Liabilities and Stockholders' Equity?
Which are the different categories of liabilities and stockholders' equity and describe them?
Equity is generally classified into two major categories: Select one: a. earned capital and contributed capital. b. contributed capital and appropriated capital. c. retained earnings and unearned capital. d. appropriated capital and retained earnings.
How do you calculate liabilities and stock holders equity on a balance sheet?
Which of the following is true about a common size balance sheet? The assets, liabilities, and equities are reported at their market values. The assets, liabilities, and equities are reported as percentages of common stock. The assets, liabilities, and equities are reported as percentages of total assets. O The assets, liabilities, and equities are arranged in the alphabetical order. The assets, liabilities, and equities are reported as percentages of the assets, liabilities, and equities of a competing firm.

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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.