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Figure 28.5
Identify the labeled structure(s) in each of the following questions.
-Identify the structure indicated by Label O.
Equity Accounts
Financial accounts that represent the owner's interest in a company, including common stock, preferred stock, and retained earnings.
Statement of Stockholders' Equity
A financial statement that outlines the changes in the equity section of the balance sheet during a specific period, including investments by and distributions to shareholders.
End-of-period Spreadsheet
A reporting tool used in accounting to compile all balances from ledgers, facilitating the preparation of financial statements.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure accuracy in the financial statements.
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