Which of the Following Elements Is Usually Not Included in the Book

question 22

Multiple Choice

Which of the following elements is usually not included in the book value of capital?

• A)the par value of shares
• B)the FI's earnings
• C)loan loss reserve
• D)the surplus value of shares

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Definitions:

Truck Purchase

The acquisition of a truck, which is a capital investment and may be classified as a fixed asset on the balance sheet.

Office Supplies

Items and materials used in offices for daily work activities, including paper, pens, and office equipment.

Office Equipment

Fixed assets that are used in an office environment for the purpose of performing business operations, including computers, printers, and furniture.

Journal Entry

A record in accounting that represents a transaction in the ledger.