Which of the Following Accounts Are Included in Shareholders' Equity

question 35

Multiple Choice

Which of the following accounts are included in shareholders' equity?
I. interest paid
II. retained earnings
III. capital surplus
IV. long-term debt

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

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Definitions:

Planning Process

A systematic series of actions directed toward the formulation and achievement of goals or objectives within an organization.

Time Management

The process of organizing and planning how to divide one's time between specific activities to maximize effectiveness and productivity.

Calendar-Bound

Activities or tasks that are strictly scheduled or have to be performed at specific times according to a calendar.

Planning

The process of defining goals, establishing strategies to achieve those goals, and developing plans to integrate and coordinate activities.