Which of the following accounts is not included in the opening record? A) linked securities B) net profit for the period C) accumulated depreciation D) long term Bank loans E) ordinary income and profits

Which of the following accounts is not included in the opening record? A) linked securities B) net profit for the period C) accumulated depreciation D) long term Bank loans E) ordinary income and profits

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 13MC: Which of the following would be included in the financing section? A. loss on sale of investments B....

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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

22 - Which of the following accounts is not included in the opening record?

A) linked securities

B) net profit for the period

C) accumulated depreciation

D) long term Bank loans

E) ordinary income and profits

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