Which of the following is NOT an account appearing in the equity section of a corporation’s statement of financial position?
A. Contributed Surplus
B. Common Shares
C. Owner’s Equity
D. Accumulated Other Comprehensive Income
Answer:C
Which of the following is NOT an account appearing in the equity section of a corporation’s statement of financial position?
A. Contributed Surplus B. Common Shares C. Owner’s Equity D. Accumulated Other Comprehensive Income