Two classifications appearing in the share capital section of the statement of financial position are
A)dividends payable and dividends distributable.
B)share capital and retained earnings.
C)preferred shares and common shares.
D)contributed surplus and retained earnings.

Question

Quizplus · Accepted Answer

Preferred shares and common shares are two classifications that appear in the share capital section of the statement of financial position, reflecting different types of equity ownership.

Two Classifications Appearing in the Share Capital Section of the Statement