Which of the Following Accounts Is Reported in the Equity

question 63

Multiple Choice

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

• A) Dividends
• B) Share capital-ordinary
• C) Revenues
• D) All of these answer choices are correct.

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Definitions:

Upsloping

Typically refers to a graph line that shows an increase in a variable as another variable increases; commonly used in economics to describe supply curves.

Suppliers

Entities that provide goods or services to other individuals or organizations, typically for resale or business use.

Federal Income Tax

A tax levied by the United States government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Taxpayers

Individuals or entities that are obligated to pay taxes to government authorities based on earned income, property ownership, or other taxable activities.