Which of the Following Items Will Not Be Disclosed on a Statement

question 154

Multiple Choice

Which of the following items will not be disclosed on a statement of stockholders' equity?

• A)Net income
• B)Issuance of common stock for cash
• C)Extraordinary gains and losses
• D)Issuance of common stock in exchange for noncash assets

Understand the importance of social interaction in the development of self according to George Herbert Mead.

Understand how posting errors affect the financial statements and can identify specific examples of such errors.

Familiarity with the purpose and use of posting reference columns in accounting journals.

Ability to post transactions to a ledger and understand the organization of a chart of accounts.

---

Definitions:

Federal Deficit

The annual shortfall where the government's expenditures exceed its revenues, contributing to the national debt.

Reagan Administration

The presidential term of Ronald Reagan, the 40th President of the United States, from 1981 to 1989, known for its conservative policies and the end of the Cold War.

Weapons Deal

An agreement between parties, typically countries or organizations, for the sale and purchase of military arms and equipment.

Oliver North

A former United States Marine Corps lieutenant colonel involved in the Iran-Contra affair during the Reagan administration, known for his role in the sale of arms to Iran.