Question

In: Accounting

Which of the following is NOT an account that appears in the Stockholders' Equity section of...

Which of the following is NOT an account that appears in the Stockholders' Equity section of the balance sheet?

Treasury stock

Additional paid in capital

Capital stock

Dividends

Solutions

Expert Solution

Ans: Dividends

Treasury stock , Additional Paid in capital and Capital stock are all reported on the balancesheet in the stockholder's equity.

For Companies Dividend are liabilities not equity. When a dividend declared the total value is deducted from the company's retained earnings and transfered to a temporary liability sub account called dividend payable.This means the company owes its shareholders money but has not yet paid.

Capital stock is the number of common and preferred shares that a company is authorized to issue, according to its corporate charter. The amount received by the corporation when it issued shares of its capital stock is reported in the shareholders' equity section of the balance sheet.

Treasury stock is a company's own stock that it has reacquired from shareholders. When a company buys back shares, the expenditure to repurchase the stock is recorded in a contra equity account.

Additional Paid In Capital (APIC) is the value of share capital above its stated par value and is an accounting item under Shareholders' Equity on the balance sheet.

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as...
A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as follows. Notice that the company has two classes of preferred stock with different features, in addition to common stock. Stockholders' equity: Preferred stock, 8% cumulative, $50 par, 40,000 shares authorized, issued, and outstanding $ 2,000,000 Preferred stock, 12% noncumulative, $100 par, 8,000 shares authorized, issued, and outstanding 800,000 Common stock, $5 par, 400,000 shares authorized, issued, and outstanding 2,000,000 Total paid-in capital $ 4,800,000...
The stockholders’ equity section of K Inc. at the beginning of the current year appears below....
The stockholders’ equity section of K Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 944,000 shares, 303,000 shares issued and outstanding $3,030,000 Paid-in capital in excess of par—common stock 549,000 Retained earnings 531,000 During the current year, the following transactions occurred. 1. The company issued to the stockholders 103,000 rights. Ten rights are needed to buy one share of stock at $32. The rights were void after 30 days. The market price...
The stockholders’ equity section of Martino Inc. at the beginning of the current year appears below.
GROUPWORK (Entries for Various Dilutive Securities) The stockholders’ equity section of Martino Inc. at the beginning of the current year appears below.Common stock, $10 par value, authorized 1,000,000shares, 300,000 shares issued and outstanding $3,000,000Paid-in capital in excess of par—common stock 600,000Retained earnings 570,000During the current year, the following transactions occurred.1. The company issued to the stockholders 100,000 rights. Ten rights are needed to buy one share of stock at $32. The rights were void after 30 days. The market price...
The stockholders’ equity section of Larkspur Inc. at the beginning of the current year appears below....
The stockholders’ equity section of Larkspur Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 1,063,000 shares, 281,000 shares issued and outstanding $2,810,000 Paid-in capital in excess of par—common stock 645,000 Retained earnings 589,000 During the current year, the following transactions occurred. 1. The company issued to the stockholders 95,000 rights. Ten rights are needed to buy one share of stock at $32. The rights were void after 30 days. The market price...
The stockholders’ equity section of Monty Inc. at the beginning of the current year appears below....
The stockholders’ equity section of Monty Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 928,000 shares, 292,000 shares issued and outstanding $2,920,000 Paid-in capital in excess of par—common stock 578,000 Retained earnings 582,000 During the current year, the following transactions occurred. 1. The company issued to the stockholders 95,000 rights. Ten rights are needed to buy one share of stock at $31. The rights were void after 30 days. The market price...
The stockholders’ equity section of Cullumber Inc. at the beginning of the current year appears below....
The stockholders’ equity section of Cullumber Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 953,000 shares, 284,000 shares issued and outstanding            $2,840,000 Paid-in capital in excess of par—common stock                                                                                         644,000 Retained earnings                                                578,000 During the current year, the following transactions occurred. 1. The company issued to the stockholders 99,000 rights. Ten rights are needed to buy one share of stock at $32. The rights were void after 30 days. The market price...
The stockholders’ equity section of Ivanhoe Inc. at the beginning of the current year appears below....
The stockholders’ equity section of Ivanhoe Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 1,063,000 shares, 281,000 shares issued and outstanding $2,810,000 Paid-in capital in excess of par—common stock 645,000 Retained earnings 589,000 During the current year, the following transactions occurred. 1. The company issued to the stockholders 95,000 rights. Ten rights are needed to buy one share of stock at $32. The rights were void after 30 days. The market price...
The stockholders’ equity section of Martino Inc. at the beginning of the current year appears below....
The stockholders’ equity section of Martino Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 1,000,000 shares, 300,000 shares issued and outstanding ………………………………………….. $3,000,000 Paid-in capital in excess of par …………………………………………………………      600,000 Retained earnings ……………………………………………………………………………      570,000 During the current year the following transactions occurred. 1. The company issued to the stockholders 100,000 rights. Ten rights are needed to buy one share of stock at $32. The rights were void after 30 days. The...
The stockholders’ equity section of Grouper Inc. at the beginning of the current year appears below....
The stockholders’ equity section of Grouper Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 1,007,000 shares, 319,000 shares issued and outstanding $3,190,000 Paid-in capital in excess of par—common stock 575,000 Retained earnings 549,000 During the current year, the following transactions occurred: 1. The company issued to the stockholders 100,000 rights. Ten rights are needed to buy one share of stock at $30. The rights were void after 30 days. The market price...
The stockholders’ equity section of Grouper Inc. at the beginning of the current year appears below....
The stockholders’ equity section of Grouper Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 1,016,000 shares, 327,000 shares issued and outstanding $3,270,000 Paid-in capital in excess of par—common stock 587,000 Retained earnings 546,000 During the current year, the following transactions occurred. 1. The company issued to the stockholders 94,000 rights. Ten rights are needed to buy one share of stock at $32. The rights were void after 30 days. The market price...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT