Which of the following is NOT considered a classification of contributed capital on the balance sheet?
A) common shares
B) contributed surplus
C) retained earnings
D) preferred shares

Name: Which of the following is NOT considered a classification of contributed capital on the balance sheet? A) common shares B) contributed surplus C) retained earnings D) preferred shares
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Question

Quizplus · Accepted Answer

Retained earnings are not considered contributed capital; they represent accumulated profits not distributed as dividends.

Which of the Following Is NOT Considered a Classification of Contributed