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Stockholder equity is a liability account as it is refundable by business at time of liquidation.
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∙ 9y ago
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Dividends is what type of account?
Dividends are classified as stockholders' equity. They reduce stockholders' equity so they can also be called a contra equity account.
Treasury stock should be reported as a current asset investment other asset or reduction of stockholder's equity?
Reduction of stockholders' equity.
Is drawings an asset equity or liability account?
equity
Is account revenue an asset?
No, it is an owner's equity account.
What transaction would decrease an asset account and decrease the owner and equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What transaction would decrease an asset account and decrease the owner's equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
Is drawing account current asset?
An owner's draw account is not an asset account, but an equity account. It is grouped with other equity accounts, like the owner's investment, and retained earnings.
What transaction would decrease an asset account and decrease the owner equity account.?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
Is service revenue an asset account?
No, it is an owner's equity account.
If a company's return on equity is 10 percent its profit margin is 5 percent and its asset turnover is 1.57 what is it's equity multiplier?
EQUITY MULTIPLIER=Total Assets / Total Stockholders' Equity
Is accumulated depreciation an owner's equity account?
No. It is a contra asset account
Does treasury stock go on the balance sheet?
yes it goes under Stockholders Equity and it is a deduction to the equity account.
