The Equity Section of a Statement of Financial Position Has

question 156

Multiple Choice

The equity section of a statement of financial position has two components:

• A) share capital and liablities.
• B) assets and liablities.
• C) share capital and retained earnings.
• D) share capital and assets.

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Definitions:

Inhibited

Characterized by a restraint or suppression of action, feeling, or expression.

Inhibited Children

Children who display a consistent pattern of shyness, timidity, and fearfulness in unfamiliar situations or in response to novel stimuli.

Novelty

The quality of being new, original, or unusual.