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 both components of the stockholder's equity section of the balance sheet. Therefore, they would not be listed on any of the other financial statements.

On Which of the Four Major Financial Statements Would You