Which of the Following Accounts Are Included in Shareholders' Equity

question 29

Multiple Choice

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

• 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

---

Definitions:

Audit Process

A systematic examination of an organization's accounts, financial statements, and compliance with relevant laws and regulations to ensure accuracy and integrity.

Government Regulations

Laws and rules established by government bodies intended to control or dictate behaviors and practices within society or specific industries, with the aim of protecting public interest, safety, and well-being.

Ethics Management

The systematic approach to understanding, implementing, and upholding ethical principles and standards in an organization, ensuring all actions align with agreed-upon moral values.

Disclaimer

A statement intended to specify or delimit the scope of rights and obligations that may be exercised and enforced by parties in a legally recognized relationship.