29. Which of the following accounts is not reported in the stockholders' equity section of the balance sheet? A. Treasury Stock. B. Common Stock. C. Retained Earnings. D. Sales Revenue. 30. Which of the following stages of equity financing comes first in the traditional order of progression? A. Investment by friends and family of the founders. B. Initial Public Offering. C. Investment by the founders of the business. D. Outside investment by "angel" investors and venture capital firms. 31. All publicly held corporations are regulated by what government organization? A. The Financial Accounting Standards Board. B. The Commission on ACcounting Procedures. C. The Accounting Principles Board. D. The Securities and Exchange Commission. 32. Advantages of the corporate form that have led to the growth of this form of business ownership include all of the following except: A. Ability to raise capital. B. Low government regulation. C. Limited liability. D. Ability to transfer ownership