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1. Which of the following accounts does not belong to the Equity section of the Statement? a. Commonstock b. Retaines samings c. Inyestment in common
1. Which of the following accounts does not belong to the Equity section of the Statement? a. Commonstock b. Retaines samings c. Inyestment in common stock d. They all belong. 2. The account "Acsumulated qther comprehensive ingome": a. It does Q1 belong to the state of affairs b. You can only have credit balance c. It is the total (bottom line) of the State of integral income d. You can have sredit or debit balance. 3. In which transaction (transactions) does the company make with its own common stock recognize gains or losses in its Statement of Income and Expenses? a. Resale of shares in portfolig b. Withdrawal of shares c. Conversion of preferred shares into common shares d. None of the above 4. In which transaction (transactions) does the company make with its own common shares can the Retained Earming account be credited? a. Resale of shares in portfolio b. Withdrawal of shares 0. Conversion of proferred shares into common shares d None of the aboys
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