Which of the Following Accounts Does Not Belong in the Equity

question 61

Multiple Choice

Which of the following accounts does not belong in the equity section of a balance sheet?

• A) retained earnings
• B) paid-in-Surplus
• C) long-term debt
• D) preferred stock

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Definitions:

Behaviourist Analysis

An approach to psychology focusing on observable behaviors and the ways they're learned, rather than on internal mental states.

Stimulus and Response

The process by which an external stimulus produces a reaction or response in an organism.

First Experimental Laboratory

The facility established by Wilhelm Wundt in 1879 in Leipzig, Germany, marking the formal beginning of psychology as an experimental science.

James Baldwin

An American novelist, playwright, and activist known for his works on racial, sexual, and class distinctions in Western societies.