The statement of realization and liquidation contains sections for all the following items except:
A)assets.
B)supplementary items.
C)liabilities.
D)stockholders equity.

Question

Quizplus · Accepted Answer

The statement of realization and liquidation does not include a section for stockholders' equity, as it focuses on the conversion of assets to cash and the settlement of liabilities.

The Statement of Realization and Liquidation Contains Sections for All