Answered: What type of account is "Common Stock"?…

Business

Accounting

What type of account is "Common Stock"? a) Asset b) Liability c) Equity d) Expense

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter13: Auditing Debt, Equity, And Long-term Liabilities Requiring Management Estimates

Section: Chapter Questions

Problem 3RQSC

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What type of account is "Common Stock"?
a) Asset
b) Liability
c) Equity
d) Expense

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