Bo 4 Questions JIWITE. CICLE Ther Answers From#1-7 e Pi Liabilities of a company are owed to a. debtors b. benefactors. C creditors. d. underwriters. LOS BT K Dry Easy TOT 10 AACSB Recive The AICPA BB Creo The AICPA FN Reporting Stockholders' equity can be described as a. creditorship claim on total assets. b. ownership claim on total assets. c. benefactor's claim on total assets. d. debtor claim on total assets. LO6 BTC D olly Easy TOT 10 AACSB Retetive Thinking AICPA BB Crical Thinking AICPA FN Reporting Stockholders' equity is often referred to as a. residual equity. b leftovers C spoils d. second equity LOG IT K Dificulty Easy TOT 10 min AACSB Reflective Thinking AICPA BB: Cical Thinking AICPA FN Reporting When assets are distributed to the owners of a corporation, these distributions are termed a. depletions b. consumptions C. dividends. d. a credit line. LOS OTK D uty Easy TOTO AACSB Refective Thinking AICPA BB Cical Thinking AICPA FN: Reporting A dividend is a. a distribution of the company's earnings to its stockholders b. equal to liabilities minus stockholders' equity. C. equal to assets minus stockholders' equity. d. equal to revenues less expenses LOS BT K O ut Easy TOT 10 min AACSB Retective Thinking AICPA BB Creal Thinking AICPA FN Reporting Revenues would not result from a sale of merchandise b. issuance of common stock. c. performance of services. d. rental of property. LOS BTK Difully Easy TOT 10 min AACSB Refective Thinking AICPA BB Critical Thinking AICPA FN Reporting Sources of increases to stockholder's equity are a. additional investments by owners. b. purchases of merchandise. c. dividends. d. expenses. LOS BTK Dificulty Easy TOT 10 min AACSB Refective Thinking AICPA BB Critical Thinking AICPA FN Report