In: Accounting
1. Which of the following is not a component of shareholders' equity?
Residual capital
Noncontrolling interest
Contributed capital
Earned capital
2.Which of the following is included in shareholders' equity?
Deferred revenues
Accumulated other comprehensive income
Sinking funds
Goodwill
3. Which of the following is not a component of contributed capital?
Earned capital
Preferred stock
Additional paid-in capital
Treasury stock
4. A negative balance for retained earnings due to cumulative net losses is called a(n)
retained debit.
retained loss.
other comprehensive loss.
deficit.
5.On the balance sheet, treasury stock is presented as a
contra shareholders' equity account.
long-term investment account.
contra asset account.
companion shareholders' equity account.
6.A deficit occurs when a company's
dividends distributed are greater than comprehensive income.
retained earnings are less than its common stock.
dividends and cumulative losses are greater than cumulative net income.
retained earnings are less than assets minus liabilities.
The above questions are objective type and about components of share holders equity . Refer below images for more detailed solution.