Stockholders' equity can best be defined as the rights c O a. creditors. O b. owners. O c. either owners or creditors. O d. both owners and creditors.
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- Each situation below relates to an independent companys Owners Equity. A. Calculate the missing values. B. Based on your calculations, make observations about each company.Stockholders can best be defined as which of the following? A. investors who lend money to a business for a short period of time B. investors who lend money to a business for a long period of time C. investors who purchase an ownership in the business D. analysts who rate the financial performance of the businessOwners equity represents which of the following? A. the amount of funding the company has from issuing bonds B. the sum of the retained earnings and accounts receivable account balances C. the total of retained earnings plus paid-in capital D. the business owners/owners share of the company, also known as net worth or net assets
- The metrics based on financial numbers produced by the accounting system are ________. A. quantitative factors B. qualitative factors C. stakeholders D. stockholdersThe owners of company stock are ______. A. quantitative factors B. qualitative factors C. stakeholders D. stockholdersWhich financial statement shows the financial position of the company? A. balance sheet B. statement of owners equity C. statement of cash flows D. income statement
- Explain the concept of equity, and identify some activities that affect equity of a business.The resources owned by a business are called:A. assets.B. liabilities.C. the accounting equation.D. stockholders’ equity.A. Identify the nature of each account using the letter A for assets, L for liabilities, SE for shareholders’ equity, R for revenue, E for expenses, and NA for not applicable. B. Calculate net income for the period. C. How much has been earned by the company’s operations but not distributed to shareholders? D. What is the total investment by shareholders? E. How much do customers owe the company?
- Define Accounting and its importance in the field of business.Define owner’s equity and how it is affected by investment, expenses, revenue and drawing? Define double entry system?MCQS: External reporting is the result of? (a) Financial accounting (b) Management accounting (c) Cost accounting (d) Social accounting Which of the following business entity is collectively known as firm? (a) Sole trader-ship (b) Partnership (c) Co-operative society (d) CompanyDescribe the content of the four basic financial statements (Income statement, Balance sheet, Cash flow statement and Statement of shareholder’s equity). b) Discuss the importance of financial statement analysis to an investor. c) Evaluate the ways in which managers can “manage the firm’s earnings.” Should earnings management always be viewed negatively?