Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Questions: 5

Answer

The two past of stockholder's equity are Common Stock and Retained Earnings

Work Step by Step

Common stock records the investment in business by the stock holder's. Retained earnings are the income of the business, retained in the business for the development of the business.
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