When reporting stockholders' equity on the balance sheet, a corporation lists the accounts in the following order:
A) retained earnings, preferred stock, common stock.
B) common stock, preferred stock, retained earnings.
C) preferred stock, common stock, retained earnings.
D) retained earnings, common stock, paid-in capital in excess of par - common.

Question

Quizplus · Accepted Answer

The standard order for reporting stockholders' equity on the balance sheet is preferred stock, common stock, and then retained earnings.

When Reporting Stockholders' Equity on the Balance Sheet, a Corporation