Liabilities and stockholders equity Flashcards
1
Q
1-Current liabilities
A
Accounts payable +
Notes payable +
Accrued expenses +
Total current liabilities =
2
Q
2-Long term liabilities
A
Bonds payable +
Total liabilities =
3
Q
3-Stockholders’ Equity
A
Preferred stock +
Common stock +
Capital paid in excess of par (common stock) +
Retained earnings +
Total stockholders’ equity =