When Reporting Stockholders' Equity on the Balance Sheet, a Corporation

question 82

Multiple Choice

When reporting stockholders' equity on the balance sheet, a corporation lists the accounts in the following order:

• A)Common stock, preferred stock, retained earnings
• B)Preferred stock, common stock, retained earnings
• C)Retained earnings, preferred stock, common stock
• D)There is no preferred order.

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Definitions:

Hemoglobin

A protein in red blood cells responsible for carrying oxygen from the lungs to the body's tissues and returning carbon dioxide from the tissues back to the lungs.

Bile

A digestive fluid produced by the liver and stored in the gallbladder, helping in the digestion and absorption of fats.

Blood Proteins

Proteins present in blood plasma, including antibodies, albumin, and clotting factors, playing roles in immunity, regulation, and transportation.

Hepatic Portal Vein

The hepatic portal vein is a blood vessel that transports blood from the gastrointestinal tract and spleen to the liver, carrying nutrients and toxins for processing.