Which One of the Following Disclosures Should Be Made in the Equity

question 64

Multiple Choice

Which one of the following disclosures should be made in the equity section of the statement of financial position, rather than in the notes to the financial statements?

• A)Dividend preferences
• B)Liquidation preferences
• C)Call prices
• D)Conversion or exercise prices

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Definitions:

Central Repository

A central repository is a single location where data or documentation is stored and managed for easy access and retrieval.

Wisdom

The ability to think and act using knowledge, experience, understanding, common sense, and insight.

Ethics

A branch of philosophy dealing with moral principles and values governing individual and group behavior.

Good

An item or product that is manufactured or produced for sale, or anything that serves a need or desire.