Which of the Following Statements Is Not Correct

question 87

Multiple Choice

Which of the following statements is not correct?

• A)The Paid-in Capital in Excess of Par Value-Common Stock account appears in the Stockholders' Equity section of the balance sheet.
• B)The Subscriptions Receivable account is shown in the Stockholders' Equity section of the balance sheet.
• C)The balance of the Common Stock account appears in the Stockholders' Equity section of the balance sheet.
• D)The balance of the Preferred Stock account appears in the Stockholders' Equity section of the balance sheet.

---

Definitions:

Middle-Income Countries

Nations with a per capita gross national income exceeding that of low-income countries but below that of high-income countries, according to the World Bank classification.

Farm Worker

An individual employed in the agricultural sector, primarily involved in the cultivation of crops and raising livestock.

U.S.

A country in North America, known for its significant economic, political, and cultural influence globally.

Productive

The ability of an individual, company, or economy to produce goods or services efficiently.