EQUITY ACCOUNTS AND PAID-IN-CAPITALAre there any other equity accounts than those listed below? Additionally what is the difference if they are "paid-in-capital" equity accounts? Also clarify what paid-in-captial means and if it applies to Proprietorships, Partnerships, Corporations or all 3.1) Common Stock 2) Common Stock additional paid-in-capital3) Preferred Stock (What exactly is preferred stock?)4) Preferred Stock additional paid-in-capital5) Retained Earnings

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Asked Nov 16, 2019
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EQUITY ACCOUNTS AND PAID-IN-CAPITAL


Are there any other equity accounts than those listed below? Additionally what is the difference if they are "paid-in-capital" equity accounts? Also clarify what paid-in-captial means and if it applies to Proprietorships, Partnerships, Corporations or all 3.


1) Common Stock 
2) Common Stock additional paid-in-capital
3) Preferred Stock (What exactly is preferred stock?)
4) Preferred Stock additional paid-in-capital
5) Retained Earnings

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Expert Answer

Step 1

Stockholders’ equity:

The claims of owners on a company’s resources, after the liabilities are paid off, are referred to as stockholders’ equity. Therefore, stockholders’ equity is sometimes referred to as net worth of owners or shareholders or stockholders.

Step 2

Some of the  accounts that are listed under the stockholders’ equity section are given below:

  • Common stock
  • Additional common stock
  • Preferred stock
  • Additional preferred stock
  • Retained earnings
  • Paid in capital in excess of par
  • ...

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