Which of the following accounts is not a stockholders' equity account?
a. Common Stock
b. Retained Earnings
c. Notes Payable
d. Dividends
C
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Publicly offered partnership interests are:
A. generally unattractive to investors in the early years of ownership. B. the primary method of creating general partnerships. C. of vital interest to persons hoping to actively manage a business. D. generally tax shelters for the original purchasers during the early years of ownership.
Variable overhead costs include all of the following except:
a. Electricity to power machinery. b. Factory supplies. c. Rental of factory building. d. Small tools.
Which of the following characteristics of psychological capital is coping in the face of risk or adversity, the ability to “bounce back” after a setback?
A. resiliency B. hope C. optimism D. efficacy
Barsness Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for November. Fixed Element per MonthVariable Element per Well ServicedActual Total for NovemberRevenue $4,400$190,100Employee salaries and wages$56,800 $1,100$103,400Servicing materials $700$29,800Other expenses$34,800 $35,300?When the company prepared its planning budget at the beginning of November, it assumed that 39 wells would have been serviced. However, 43 wells were actually serviced during November.?The amount shown for "Other expenses" in the planning budget for November would have been closest to:
A. $35,300 B. $32,016 C. $34,800 D. $35,050