Which of the following would not appear on a statement of stockholders equity quizlet?

Century 21 Accounting: General Journal

11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman

1,012 solutions

Fundamentals of Financial Management, Concise Edition

10th EditionEugene F. Brigham, Joel Houston

777 solutions

Financial Accounting

4th EditionDon Herrmann, J. David Spiceland, Wayne Thomas

1,097 solutions

Intermediate Accounting

14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

1,471 solutions

Intermediate Accounting

14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

1,471 solutions

Accounting: What the Numbers Mean

9th EditionDaniel F Viele, David H Marshall, Wayne W McManus

345 solutions

Financial Accounting

4th EditionDon Herrmann, J. David Spiceland, Wayne Thomas

1,097 solutions

Financial Accounting

9th EditionFrank Hodge, Patricia A. Libby, Robert Libby

1,286 solutions

D

The accounting equation: Assets = Liabilities + Stockholders' Equity
If liabilities decreased by $15,000 and stockholders' equity decreased by $5,000 then the right side of the accounting equation decreased by $20,000. Therefore, assets must have decreased by $10,000 to keep the accounting equation in balance [i.e., ($15,000) + (5,000) = ($20,000)].

Essentials of Investments

9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie

689 solutions

Accounting: What the Numbers Mean

9th EditionDaniel F Viele, David H Marshall, Wayne W McManus

345 solutions

Intermediate Accounting

14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

1,471 solutions

Fundamentals of Financial Management, Concise Edition

10th EditionEugene F. Brigham, Joel Houston

777 solutions

On October 1, 2016, Adams Company paid $4,800 for a two-year insurance policy with the insurance coverage beginning on that date. As of December 31, 2016, which of the following account balances are correct after adjusting entries have been made?
A. Prepaid insurance $4,800, and Insurance expense $0.

B. Prepaid insurance $0, and Insurance expense $4,800.

C. Prepaid insurance $2,400, and Insurance expense $2,400.

D. Prepaid insurance $4,200, and Insurance expense $600.

Flyer Company has provided the following information prior to any year-end bad debt adjustment:
• Cash sales, $150,000
• Credit sales, $450,000
• Selling and administrative expenses, $110,000
• Sales returns and allowances, $30,000
• Gross profit, $490,000
• Accounts receivable, $110,000
• Sales discounts, $14,000
• Allowance for doubtful accounts credit balance, $1,200
Flyer estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. What is the balance in the allowance for doubtful accounts after bad debt expense is recorded?
A. $7,950.

B. $6,750.

C. $5,550.

D. $7,800.

Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $97,000, of which $9,000 were uncollected at the end of the year. Operating expenses incurred were $39,000, of which $7,000 were unpaid at the end of the year. Dividends declared were $11,000, of which $3,000 were unpaid at the end of the year. Income tax expense is $17,400. What is the amount of net income reported on Sparty's income statement?
A. $32,900.
B. $39,300.
C. $33,600.
D. $40,600.

Colby Corporation has provided the following information: •Operating revenues from customers were $199,700. •Operating expenses for the store were $111,000.
• Interest expense was $9,200. •Gain from sale of plant and equipment was $3,300.
•Dividend payments to Colby's stockholders were $7,700. •Income tax expense was $36,000. • Prepaid rent expense $5,000. How much was Colby's net income?
A. $39,100.
B. $48,300.
C. $52,700.
D. $46,800.

Which of the following would not appear on a statement of stockholders equity?

Which of the following would appear on the statement of stockholders equity?

Which of the following would not be shown on the statement of retained earnings?

What does not appear on the income statement?