The Balance Sheet Item That Represents the Portion of Equity

question 19

Multiple Choice

The balance sheet item that represents the portion of equity resulting from profitable operation of the business is:

• A) Accounts receivable.
• B) Cash.
• C) Share capital.
• D) Retained earnings.

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Definitions:

Wernicke's Area

An area within the temporal lobe of the brain that is essential for understanding language.

Arcuate Fasciculus

Arcuate Fasciculus is a bundle of axons that forms part of the language network in the brain, connecting the Wernicke's area and Broca's area.

Cranial Nerves

The twelve pairs of nerves that originate in the brain and control sensory and motor functions in the head and neck.