Which of the Following Are Classified as Equity Accounts on a Balance

question 47

Multiple Choice

Which of the following are classified as equity accounts on a balance sheet?I. goodwill
II. paid in capital
III. net income
IV. retained earnings

• A)IV only
• B)I and III only
• C)II and IV only
• D)I, II, and IV only
• E)II, III, and IV only

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Definitions:

Life Satisfaction

An individual's evaluation of their own life, in which they reflect upon their achievements and determine how closely those align with their life goals.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often characterized by physical symptoms.

Correlation

A statistical measurement that indicates the extent to which two or more variables fluctuate together.

Facts

A statement or assertion that can be proven to be true or is accepted as true based on evidence.