Which of the Following Transactions Would Be Reported on the Statement

question 25

Multiple Choice

Which of the following transactions would be reported on the statement of changes in stockholders' equity?

• A) Borrowed $5,000 cash from the bank
• B) Paid a $100 cash dividend to the stockholders
• C) Purchased land for $2,000 cash
• D) Paid $1,500 cash to pay off a portion of its note payable

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Definitions:

Profits

The financial gain obtained when revenue from sales exceeds costs and expenses associated with operating a business.

Farmer

Someone who works in the agricultural sector, producing living items for nourishment or foundational substances.

Produce

To create or manufacture goods for sale or consumption.

Farmer

An individual who operates a farm, engaged in the cultivation of crops or the raising of animals for consumption or sale.