The two primary sources of equity shown in a balance sheet are:
A)Residual equity and debt equity.
B)Capital equity and residual equity.
C)Contributed capital and earned capital.
D)Unearned capital and earned capital.
Which of the following statements is false?
A)Common stockholders have a residual claim on assets in the event of liquidation.
B)Shares of stock held in the treasury are subtracted from the number of issued shares in the determination of the number of outstanding shares.
C)Common stockholders have voting rights at annual stockholder meetings.
D)Corporations are governed by their stockholders.
Which of the following represents the number of shares currently owned by investors?
Which of the following does not represent a description of shares of stock presented on the balance sheet?