The Following Equity Accounts (In 000), Arranged Alphabetically, Are in the Ledger

question 244

Essay

The following equity accounts (in 000), arranged alphabetically, are in the ledger of Zhang Corporation at December 31, 2014. Instructions
Prepare the equity section of the statement of financial position at December 31, 2014.

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Definitions:

MacPherson Strut

A combined coil spring, shock absorber, and bearing plate used as a front suspension component in many front-wheel drive cars.

Shock

A device designed to absorb and dampen impact, providing a smooth ride in vehicles by converting kinetic energy to thermal energy.

Spring

An elastic object used to store mechanical energy, often made of coiled wire, providing resistance to compressive or tensile forces.

Ball Joint

A spherical bearing that connects the steering knuckles to the control arms, allowing for smooth and stable movement of the suspension and steering.