Which of the Following Accounts Is Reported in the Equity

question 15

Multiple Choice

Which of the following accounts is reported in the equity section of the statement of financial postion?

• A) Dividends.
• B) Share Capital-Ordinary.
• C) Sales Revenue.
• D) All of the choices are reported in the equity section of the statement of financial position.

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Definitions:

Contingent Liabilities

Possible liabilities that depend on the outcome of a future event, not recognized as liabilities on the balance sheet unless both probable and measurable.

Pre-acquisition Equity

Refers to the equity interest in a company that exists before it is acquired by another entity.

Post-acquisition Equity

The equity interest in a subsidiary held by the parent company after accounting for any changes since the acquisition date.

Accounting Policies

The particular standards, foundations, norms, regulations, and methods used by an organization to compile and display its financial records.