Which of the following would NOT be included as equity in a corporate balance sheet?
A)Cash
B)Paid in capital
C)Retained earnings
D)Common stock

Question

Quizplus · Accepted Answer

Cash is classified as an asset, not as equity. Equity represents the residual interest of the owners in the company, whereas assets are the resources that the company owns or controls. The equity section of a corporate balance sheet typically includes paid-in capital, retained earnings, and common stock.

Which of the Following Would NOT Be Included as Equity