Which of the Following Items Has No Effect on Stockholders

question 94

Multiple Choice

Which of the following items has no effect on stockholders' equity?

• A) Land purchased
• B) Revenue
• C) Expense
• D) Dividend declared and paid

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Definitions:

Military Service

The act of serving in the armed forces of a country, either voluntarily or through conscription.

Enlist

To voluntarily join a military force.

Abraham Lincoln

The 16th President of the United States, who led the country during the Civil War and played a key role in abolishing slavery with the Emancipation Proclamation.

Abolition

Social movement of the pre–Civil War era that advocated the immediate emancipation of the slaves and their incorporation into American society as equal citizens.