For a corporation,the equity section is divided into two main accounts: Common Stock and Retained Earnings.

Question

Quizplus · Accepted Answer

This statement is true. The equity section of a corporation's balance sheet typically includes common stock, which represents ownership shares in the company, and retained earnings, which represent accumulated profits that have been kept within the company rather than distributed as dividends to shareholders.

For a Corporation,the Equity Section Is Divided into Two Main