EQUITIES Flashcards
1
Q
what is the account and classification?
- paid in capitals
A
equities
corporation
2
Q
what is the account and classification?
- share premium
A
equities
corporation
3
Q
what is the account and classification?
- retained earnings
A
equities
corporation
4
Q
what is the account and qualification?
- share capital (ordinary or preference)
- share premium
- paid in capitals
- retained earnings
- treasury shares
A
equities
corporation
5
Q
what is the account and qualification?
- owner’s equity
- owner’s drawing
A
equities
sole proprietorship/ partnership
6
Q
what is the account and classification?
- treasury shares
A
equities
corporation
7
Q
WHAT IS THE ACCOUNT?
- SOLE PROPRIETORSHIP
- PARTNERSHIP
- CORPORATION
A
EQUITIES
