1. Which of the following is not a component of shareholders' equity?

Residual capital

Noncontrolling interest

Contributed capital

Earned capital

2.Which of the following is included in shareholders' equity?

Deferred revenues

Accumulated other comprehensive income

Sinking funds

Goodwill

3. Which of the following is not a component of contributed capital?

Earned capital

Preferred stock

Additional paid-in capital

Treasury stock

4. A negative balance for retained earnings due to cumulative net losses is called a(n)

retained debit.

retained loss.

other comprehensive loss.

deficit.

5.On the balance sheet, treasury stock is presented as a

contra shareholders' equity account.

long-term investment account.

contra asset account.

companion shareholders' equity account.

6.A deficit occurs when a company's

dividends distributed are greater than comprehensive income.

retained earnings are less than its common stock.

dividends and cumulative losses are greater than cumulative net income.

retained earnings are less than assets minus liabilities.