Which of the Following Are the Two Primary Components of Shareholders

question 83

Multiple Choice

Which of the following are the two primary components of shareholders' equity?

• A) Non-current assets and liabilities
• B) Contributed capital and Retained earnings.
• C) Short term debt and retained earnings
• D) Long-term debt and retained earnings.

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Definitions:

General Liability Insurance

A type of insurance coverage that provides protection against claims of bodily injury, property damage, and personal and advertising injury that a business could face.

Trade Fixture Installer

A professional who installs equipment or machinery, which is necessary for a business and may legally be removed by the tenant at the end of a lease.

Testator

One who makes and executes a will.

Revoke

To officially withdraw, cancel, or annul a decision, permit, or law.