Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following items doesn't belong to equity? O A. Distribution of dividends O B. Gain on sale of investments O C. Retained earnings

image text in transcribed
Which of the following items doesn't belong to equity? O A. Distribution of dividends O B. Gain on sale of investments O C. Retained earnings O D. Issuance of ordinary shares

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Theory And Practice

Authors: M. W. E. Glautier, Brian Underdown

7th Edition

0273651617, 978-0273651611

More Books

Students also viewed these Accounting questions