?? The equity section of a sole proprietorshipis labelled as:a) Common Stockb) Retained Earningsc) Owner's Capitald) Dividends

Explanation of Owner's Capital: Owner's capital refers to the amount of money or assets that the…

Answered: The equity section of a sole…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 21MC: Which of the following measures the portion of a corporations profit allocated to each outstanding...

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How would the share dividends distributable account balance be presented on the statement of financial position? * a. as part of current liabilities b. as addition to share capital c. as addition to retained earnings d. as addition to additional paid in capital
Th e item “retained earnings” is a component of: C . shareholders’ equity.
The two main categories of stockholders’ equity area. assets and liabilities.b. retained earnings and common stock.c. common stock and preferred stock.d. retained earnings and paid-in capital
Which of the following affects the total Shareholders’ Equity? a. Declaration of a scrip dividend b. Declaration of share split c. Appropriation of retained earnings d. Retirement of treasury shares
Treasury stock should be reported in the financial statements of a corporation as a(n) Oa. investment Ob. liability Oc. current asset Od. deduction from stockholders' equity
Shares of stock represent ______ interest in a company. A) Cash B) Ownership C) Debt D) Special
Which of the following measures the portion of a corporations profit allocated to each outstanding share of common stock? A. retained earnings B. EPS C. EBITDA D. NOPAT
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.
Owners equity represents which of the following? A. the amount of funding the company has from issuing bonds B. the sum of the retained earnings and accounts receivable account balances C. the total of retained earnings plus paid-in capital D. the business owners/owners share of the company, also known as net worth or net assets
The owners of company stock are ______. A. quantitative factors B. qualitative factors C. stakeholders D. stockholders
Which of the following is true of a stock dividend? A. It is a liability. B. The decision to issue a stock dividend resides with shareholders. C. It does not affect total equity but transfers amounts between equity components. D. It creates a cash reserve for shareholders.
Stockholders' equity is comprised of O common stock and retained earnings. O net income and retained earnings. O common stock and dividends. O dividends and retained earnings.

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The equity section of a sole proprietorship is labelled as: a) Common Stock b) Retained Earnings c) Owner's Capital d) Dividends