The First Item Appearing on the Statement of Stockholders' Equity

question 59

Multiple Choice

The first item appearing on the statement of stockholders' equity is

• A)net income
• B)the ending balance of retained earnings
• C)dividends
• D)the beginning balance of retained earnings

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Definitions:

Conversion

involves an unauthorized act that deprives an owner of personal property without their consent.

Impliedly

In a manner that is suggested or hinted at, rather than being directly stated or expressed.

Abandoned

Refers to property that has been left by its owner without any intention to reclaim or use it again.

Knock-Out Rule

A principle in contract law that resolves conflicts in standard form contracts (often in international trade) by nullifying conflicting terms and substituting them with terms of a neutral nature.