Which of the following will need to be reported on a corporate balance sheet in the stockholder's equity section?
I Paid in capital
II Treasury stock
III Accumulated other comprehensive income
IV Retained earnings
A)I
B)II
C)I and II
D)I, II, III, and IV
E)I and III

Question

Quizplus · Accepted Answer

The stockholder's equity section of the corporation's balance sheet needs to have paid in capital, treasury stock, accumulated other comprehensive income, and retained earnings all reported.
Key Takeaway: Each of these sections are required in the stockholder's equity section of a corporation's balance sheet:
· Paid in capital-the amount a corporation received when it issued its shares of stock.
· Treasury stock-the shares that have been reacquired by the Corporation but not retired.
· Accumulated other comprehensive income-income not reported as net income on a corporation's income statement (for example: currency exchange or an unrealized gain).
· Retained earnings-net profit kept by the corporation for business activities.

Which of the Following Will Need to Be Reported on a Corporate