Correct Answer: Shareholder Equity
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Financial Accounting Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Financial Accounting MCQ Questions
The following items are current assets except:
A decrease in liabilities is recorded as a:
What is wages payable considered?
Acme company has a beginning year Retained earnings balance of $10,000, Net income for the year of $5,000 and declares dividends totaling $3,000. What is the ending Retained earnings balance?
The personal assets of the owner of a company will not appear on the company's balance sheet because of which principle/guideline?
Which is equivalent to Horizontal analysis?
Compared to its 2004 cash-basis net income, Potoma Co.'s 2004 accrual-basis net income increased when it:
Revenues are deferred to a balance sheet liability account until they are earned in a later period. The account is called:
Where would purchased treasury stock with cash be classified on the Statement of cashflows?
MJG Company has the following information: *Net Loss = 100,000 *Total Assets = 3,000,000 *Common Stock, Dec 31 = 1,000,000 *Additional Paid in Capital = 500,000 *Dividends Declared = 700,000 The debt-to-equity ratio is 50% at December 31. What was the retained earnings on January 1?