Select from choices of its balance sheet classification. If the item should not appear on the balance sheet, select H.
-Common Stock
A) Current assets
B) Long-term investments
C) Long-term assets
D) Intangible assets
E) Current liabilities
F)Noncurrent liabilities
G) Equity
H) Not appear on the balance sheet

Question

Select from choices of its balance sheet classification. If the item should not appear on the balance sheet, select H.
-Common Stock
A) Current assets
B) Long-term investments
C) Long-term assets
D) Intangible assets
E) Current liabilities 
F)Noncurrent liabilities 
G) Equity 
H) Not appear on the balance sheet

Quizplus · Accepted Answer

Common Stock is classified as Equity on the balance sheet. It represents the ownership interest of the shareholders in the company.

Select from Choices of Its Balance Sheet Classification