Which of the following would NOT appear in the equity section of a statement of financial position?
A) preferred shares
B) accumulated other comprehensive income
C) stock dividend distributable
D) investment in affiliate

Question

Quizplus · Accepted Answer

Investment in affiliate is a separate asset account and would not appear in the equity section of the statement of financial position. Preferred shares, accumulated other comprehensive income, and stock dividend distributable are all examples of items that would typically appear in the equity section.

Which of the Following Would NOT Appear in the Equity