Which One of the Following Items Is Reported as a Current

question 39

Multiple Choice

Which one of the following items is reported as a current stockholders' equity on a classified balance sheet?

• A)Net Income
• B)Accounts Payable
• C)Land
• D)Common Stock

---

Definitions:

Discrimination Protection

Legal or societal measures in place to prevent unfair treatment of individuals based on personal characteristics.

Legislation

Legislation is the process of making or enacting laws, typically carried out by a country's legislative body, such as a parliament or congress.

Equal Employment Opportunity Commission

A federal agency that administers and enforces civil rights laws against workplace discrimination.

Federal Laws

Laws passed by the national government of a country that are applicable throughout its entire territory.