Which Of The Following Appear S On The Balance Sheet
Question: The two sources of stockholders’ equity are amounts ______.
paid in from shareholders
b. borrowed from banks
c. earned by the corporation
d. borrowed from related companies
Answer: a, c
Question: Which financial statement reports revenues and expenses?
a. Statement of cash flows
b. Income statement
c. Statement of stockholders’ equity
d. Balance sheet
Answer: b
Question:
Answer: b
Question: Which of the following represents the net income earned by a corporation and not yet paid to shareholders?
a. Paid-in capital
b. Retained earnings
c. Additional paid-in capital
d. Other comprehensive income
Answer: b
Question: The four financial statements published to provide information to external users include which of the following?
a. Statement of Stockholders’ Equity
b. Statement of Cash Flows
c. Income Statement
d. Balance Sheet
e. Statement of Business Activities
f. Statement of Assets
Answer: a, b, c, d
Question: Pizza Aroma generated $11,000 in revenues and had expenses of $6,000. Pizza Aroma’s net income or loss is:
a. a net loss of $5,000
b. net income of $17,000
c. net income of $5,000
d. a net loss of $17,000
Answer: c
Question: Ending retained earnings is calculated as
a. beginning retained earnings + net income - dividends
b. net income + dividends
c. assets + net income - dividends
d. beginning retained earnings + net income + dividends
Answer: a
Question: Which of the following appear on the statement of stockholders’ equity? (Select all that apply.)
a. Dividends
b. Property, plant, and equipment
c. Cash received during the accounting period
d. Beginning balance of retained earnings
e. Net income
Answer: a, d, e
Question: An income statement reports: (Select all that apply.)
a. cash
b. expenses
c. amounts contributed by stockholders
d. revenues
e. net income or loss
Answer: b, d, e
Question: Undistributed profits that have accumulated in the company over time are called ____________ earnings. (Enter one word per blank.)
Answer: retained