Asked by Laney Reynolds on Jun 17, 2024
Verified
In what order would the items on the balance sheet appear?
A) Assets,retained earnings,liabilities,and common stock.
B) Common stock,retained earnings,liabilities,and assets.
C) Assets,liabilities,common stock,and retained earnings.
D) Common stock,assets,liabilities,and retained earnings.
Balance Sheet
A report detailing a firm's assets, liabilities, and owners' equity at a certain moment.
Retained Earnings
The portion of a company's profit that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay down debt.
Common Stock
Equity ownership in a corporation, with rights to dividends and voting privileges in corporate matters.
- Comprehend the categorization of entries in the balance sheet and differentiate between assets, liabilities, and equity.
Verified Answer
Learning Objectives
- Comprehend the categorization of entries in the balance sheet and differentiate between assets, liabilities, and equity.
Related questions
Which of the Following Liabilities Are Not Related to the ...
Assets Are Often Classified into Current Assets,long-Term Investments,plant Assets,and Intangible ...
The Type of Account and Normal Balance of Unearned Consulting ...
Prepaid Advertising, Representing Payment for the Next Quarter, Would Be ...
The Balance Sheet Amount Reported for a Long-Term Debt on ...