Which one of the following disclosures should be made in the equity section of the statement of financial position, rather than in the notes to the financial statements?
A)Dividend preferences
B)Liquidation preferences
C)Call prices
D)Conversion or exercise prices

Question

Quizplus · Accepted Answer

Liquidation preferences are typically disclosed in the equity section of the statement of financial position as they directly affect the equity holders' claims on the company's assets.

Which One of the Following Disclosures Should Be Made in the Equity