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.

---

Definitions:

Unemployed Category

A classification of individuals who are without a job, actively seeking work, and available to take up employment but are unable to find a job.

Unemployment Rate

The proportion of job-seekers in the labor force who do not currently hold employment.

Labor Force

The total number of people who are eligible to work, including both the employed and those seeking employment.

Unemployed Category

A classification for individuals who are able and willing to work but are unable to find employment.