The Common Stock account represents the stockholders' claim against specific assets of the company,while the Retained Earnings account represents the stockholders' claim against the general assets of the company.

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The Common Stock account represents the equity interest of the shareholders in the corporation, not a claim against specific assets. The Retained Earnings account represents the accumulated net income of the company that has not been distributed to shareholders as dividends, not a claim against general assets. Both accounts reflect ownership interests rather than claims against assets.

The Common Stock Account Represents the Stockholders' Claim Against Specific