The Two Categories of Shareholders' Equity Usually Found on the Balance

question 29

Multiple Choice

The two categories of shareholders' equity usually found on the balance sheet of a corporation are: 

• A) Contributed capital and property, plant, and equipment.
• B) Retained earnings and notes payable.
• C) Common stock and retained earnings.
• D) Contributed capital and equity securities.

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Definitions:

Diaphragm

A dome-shaped muscular partition separating the thoracic cavity from the abdominal cavity, playing a crucial role in the breathing process.

Phrenic Nerves

Nerves that originate in the neck and pass down between the lung and heart to reach the diaphragm, crucial for breathing.

Levator Scapulae

A muscle in the back and neck that elevates the scapula (shoulder blade).

Retract

To draw back or in, often referring to the withdrawal of a statement or pulling a part of the body away from an anterior position.