Which of the following is NOT an account appearing in the equity section of a corporation's statement of financial position?
A) Contributed Surplus
B) Common Shares
C) Owner's Equity
D) Accumulated Other Comprehensive Income

Question

Quizplus · Accepted Answer

"Owner's equity" is not an account appearing in the equity section of a corporation's statement of financial position. Instead, the equity section typically includes accounts such as contributed surplus, common shares, and accumulated other comprehensive income.

Which of the Following Is NOT an Account Appearing in the Equity