The Shareholders' Equity Section of the Statement of Financial Position

question 12

Multiple Choice

The shareholders' equity section of the statement of financial position uses the amount for Retained Earnings found on the

• A)unadjusted trial balance.
• B)adjusted trial balance.
• C)statement of changes in equity.
• D)the previous year's statement of financial position.

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Definitions:

Mixed Number

A number consisting of a whole number plus a fraction.

Repeating Decimal

A decimal number in which a sequence of digits is repeated indefinitely.

Decimal Notation

A system of numbers expressed in base 10, involving a decimal point to separate whole numbers from fractional parts.

Percent Equivalent

A value expressed as a percentage that represents a portion of a whole.