Indicate Whether Each of the Following Statements About Equity Is

question 102

Short Answer

Indicate whether each of the following statements about equity is true or false.
_______ a) Operating expenses reported on the income statement increase retained earnings.
_______ b) Common Stock is a part of contributed or paid-in capital for a corporation.
_______ c) Retained earnings is increased by loans received from a bank.
_______ d) Dividends paid to stockholders decrease retained earnings.
_______ e) Owners' equity is the residual interest in the company resulting from the difference between assets and liabilities.

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