On the balance sheet, the amount accruing to a corporation's owners is referred to as
A) a liability.
B) transfer price.
C) an asset.
D) stockholders' equity.
E) return on investment.
D) stockholders' equity.
The balance sheet itemizes three elements: assets, liabilities, and stockholders' equity. Stockholders' equity is the amount accruing to the corporation's owners.
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Equipment with an original cost of $60,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would
A) increase by $33,000 B) decrease by $7,000 C) increase by $40,000 D) decrease by $27,000
Discharge for refusing to violate a professional code of conduct falls under which exception to employment-at-will doctrine?
A. Violation of public policy B. Implied contract C. Implied covenant D. Does not fall under an exception
An expert's opinion on an issue may be subjective but very accurate
Indicate whether the statement is true or false
The fact that the demand for business products depends a lot on the demand for final consumer products is called
A. primary demand. B. secured demand. C. elastic demand. D. diminishing demand. E. derived demand.