?? 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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The equity section of a sole proprietorship is labelled as: a) Common Stock 6) Retained Earnings c) Owner's Capital d) Dividends
Ownership and profit distribution in a sole proprietorship are generally seen on its balance sheet, respectively, as: a. A personal capital account and dividends b. Common stock and dividends c. Common stock and withdrawals d. A personal capital account and withdrawals
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
What are if any the differences between Stockholder's Equity, Retained Earnings, Common Stock, Additional paid-in-capital, and Par Value? Are they Debit or Credit accounts? Are they found in Proprietorships, Partnerships, or Corporations
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
Explain thoroughly why it is the answer.
Th e item “retained earnings” is a component of: C . shareholders’ equity.
s
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
On which financial statement would the Dividends account appear?

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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