1-8 Identify the related form of business for the following 1) Johnson, Capital 2) Common Stock 3) Statement of capital containing two capital accounts 4) Par value 5) Stockholder's equity 6) Partners' Capital, December 31 7) Statement of capital containing one capital account 8) Retained earnings 9) Jones, Drawings 10) Additional paid-in capital

1-8 Identify the related form of business for the following 1) Johnson, Capital 2) Common Stock 3) Statement of capital containing two capital accounts 4) Par value 5) Stockholder's equity 6) Partners' Capital, December 31 7) Statement of capital containing one capital account 8) Retained earnings 9) Jones, Drawings 10) Additional paid-in capital

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 8MC: The total amount of cash and other assets received by a corporation from the stockholders in...

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

1-8 Identify the related form of business for the following

1) Johnson, Capital

2) Common Stock

3) Statement of capital containing two capital accounts

4) Par value

5) Stockholder's equity

6) Partners' Capital, December 31

7) Statement of capital containing one capital account

8) Retained earnings

9) Jones, Drawings

10) Additional paid-in capital

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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