On which of the four major financial statements would you find the common stock and paid-in surplus?
A) Balance Sheet
B) Income Statement
C) Statement of Cash Flows
D) Statement of Retained Earnings

Question

Quizplus · Accepted Answer

Common stock and paid-in surplus are reported on the Balance Sheet as part of the stockholders' equity section. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific point in time.

On Which of the Four Major Financial Statements Would You