Explain the characteristics of sole proprietorship. 1 A B I UN GO The shares of common and preferred stock that have been issued and outstanding are reported in which section of balance sheet? Select one: a. Stockholders equity section O b. Current assets c. Fixed assets section O d. Liabilities section The shares of common and preferred stock that have been issued and outstanding are reported in which section of balance sheet? Select one: a. Stockholders equity section O b. Current assets c. Fixed assets section O d. Liabilities