Given the Following Data for the King Company How Would Common Stock Appear on a Common Size Balance

question 160

Multiple Choice

Given the following data for the King Company: $\begin{array}{lr}\text { Current liabilities } & \$ 400 \\\text { Long-term debt } & 480 \\\text { Common stock } & 700 \\\text { Retained earnings } & 920 \\\text { Total liabilities \& stockholders' equity } & \$ 2,500\end{array}$ How would common stock appear on a common size balance sheet?

• A)20%
• B)70%
• C)28%
• D)30%

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Definitions:

Invertebrate Hormone

Hormones in invertebrates that regulate growth, metabolism, and development, similar to those in vertebrates but often with different functions and mechanisms.

Steroid

Lipid with four carbon rings, no fatty acid tails.

Exocrine Gland

Gland that secretes milk, sweat, saliva, or some other substance through a duct.

Endocrine Gland

Ductless gland; aggregation of hormone-secreting epithelial cells with associated connective tissue and blood vessels.