Which of the following is not a component of stockholders' equity?
a.sales revenue
b.purchase of a building
c.cost of goods sold
d.dividends
b. Purchase of a Building
Purchase of a Building is a Asset and its not Part of Stockholders Equity
Sales Revenue will increase the Stockholders Equity. Cost of Goods Sold And Dividends will decrease the Stockholders Equity.
Which of the following is not a component of stockholders' equity? a.sales revenue b.purchase of a...
stockholders' equity account 8. MC.03-72 Which of the following is an example of accrued revenue? A T3 snow removal services that have been paid for three months in advance an agreement that has been signed for snow removal services for the ne three mons snow removal services that has been provided and paid on the seme day snow removal services that have been provided but have not been billed or paid 9. MC.04-93 Stockholders' equity is subtracted from liabilities and...
1. Which of the following items is generally used as a base in vertical analysis to express as its percentage the line items on the balance sheet? a.Owner's equity b.Cost of goods sold c.Depreciation expense d.Total assets 2. Which of the following items is generally used as a base in vertical analysis to express as its percentage the line items on the balance sheet? a.Depreciation expense b.Owner's equity c.Cost of goods sold d.Total assets
Based on the accounting equation, which of the following accounts will increase stockholders' equity? Equipment. Service Revenue. Cash. Accounts Payable.
Which of the following transactions would not cause stockholders' equity to change? 1. Cash payment for dividends previously declared. 2. Sale of additional stock to investors. 3. Declaration of a cash dividend to stockholders. 4. Earning revenue for services performed.
Which of the following is a revenue account?retained earningsfees earnedrent expenseunearned revenueWhich of the following accounts is increased with a debit?common stockprepaid insurancefees earnedunearned revenueWhich of the following errors will cause the trial balance totals to be unequal?entering an incorrect amount on the trial balancefailure to record a transaction or to post a transactionrecording the same transaction more than oncerecording the same erroneous amount for both the debit and the credit parts of a transactionWhich of the following types of...
Which of the following statements about the statertient of stockholders equity are true? (Select all that apply.) Check All That Apply Net income increases total stockholders' equity. Dividends increase total stockholders' equity. The issuance of common stock increases stockholders' equity. Unrealized holding gains on certain securities increase total stockholders' equity.
Which of the following is represented by elements of the statement of stockholders' equity? a. earnings not distributed to owners b. common stock reinvested in the business c. financing from creditors and stockholders d. revenues plus dividends and expenses
Which of the following requires a credit? Multiple Choice Decreases in liabilities Decreases in stockholders' equity Increases to assets Increases to liabilities 2. true or false Under the five-step revenue recognition model, a contract can be written, verbal, or implied. 3.When cash is received in advance of a performance obligation being satisfied, a(n) ______ called _________ is recorded.
Which of the following best describes the relationship between revenue and retained earnings? Multiple Choice A. Revenue represents a cash receipt; retained earnings is an element of stockholders' equity. B. Retained earnings is equal to assets minus expenses. C. Revenue represents the price of goods sold or services rendered; retained earnings represents cash available for paying dividends. D. Revenue increases net income, which in turn increases retained earnings. Which of the following is not a right of stockholders? Multiple Choice...
Income Statement, Statement of Stockholders Equity, and Balance Sheet Napolean Corporation started business on January 1.2016. The following information was compiled by Napolean's accountant on December 31, 2016: Fir Sales Revenue $27,000 Equipment, net $20,250 Expenses Dividends Cash Accounts Receivable3,375 Common Stock 27,000 Inventory 6,200 Building, net 4,050 Accounts Payable 5,400 2.025 Notes Payable 44,550 4,000 4,050 Retained Earnings Required You have been asked to assist the accountant for the Napolean Corporation in preparing year-end financial statements. Use the above...