Which account below is not a subdivision of shareholders' equity?
A)Dividends Declared
B)Revenues
C)Expenses
D)Liabilities

Question

Quizplus · Accepted Answer

Liabilities are not a subdivision of shareholders' equity; instead, they represent obligations the company owes to outside parties and are a separate component of the balance sheet. Shareholders' equity typically includes retained earnings, paid-in capital, and possibly treasury stock, but not liabilities.

Which Account Below Is Not a Subdivision of Shareholders' Equity