The Term Deficit Is Used to Refer to a Debit

question 210

Multiple Choice

The term deficit is used to refer to a debit balance in which of the following accounts of a corporation?

• A) Retained Earnings
• B) Treasury Stock
• C) Organizational Expenses
• D) Common Stock

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Definitions:

Benign

Nonmalignant; not cancerous.

Hypertension

A medical condition characterized by persistently high blood pressure, putting increased strain on the heart and arteries.

Stenotic

Pertaining to stenosis, a condition marked by the abnormal narrowing of a bodily passage or duct.

Stent

A tubular support device implanted in a blood vessel, canal, or duct to prevent or counteract a disease-induced localized flow constriction.