Which of the following would NOT be included as equity in a corporate balance sheet?
A)Cash
B)Paid in capital
C)Retained earnings
D)Ordinary shares

Question

Quizplus · Accepted Answer

Cash is an asset, not part of equity. Equity represents the owners' claim on the assets of the company, and includes investments made by owners (paid in capital) and profits earned and retained by the company (retained earnings), as well as shares issued to owners (ordinary shares).

Which of the Following Would NOT Be Included as Equity