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- Sales revenue is reported in the stockholder’s equity section of the balance sheet? True/falseWhich of the following is a stockholders’ equity account? a. Common Stock b. Sales revenue c. Cash d. LandThe liabilities on a balance sheet are represented by which of the following? Choose one answer. The items you own The stock holding you possess The inventory in your warehouse d. The debts you owe
- The liabilities on a balance sheet are represented by which of the following?Choose one answer.a. The items you own b. The stock holding you possess c. The inventory in your warehouse d. The debts you oweWe credit Dividends Payable on: a. Payment date. b. Record date.c. Declaration date. d. Never.Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratio
- When using vertical analysis, we express balance sheet accounts as a percentage of a. Total assets. b. Total liabilities. c. Total stockholders’ equity. d. Sales.Capital account is essentially a standard equity account with a standard credit balance from an accounting perspective.The numerator in the calculation of the ratio of liabilities to stockholders' equity is O a. Total Assets. O b. Total Liabilities minus Total Stockholders' Equity. O c. Total Liabilities. O d. Total Stockholders' Equity.
- Equity accounts are:Question Content Area Which of the following entries journalizes the issuance of common stock? a.debit Fees Earned; credit Common Stock b.debit Common Stock; credit Accounts Receivable c.debit Cash; credit Common Stock d.debit Dividends; credit CashWhich are the Important Issues in Accounting and Financial Disclosure: Equity REITs2