Shareholders' equity consists of what three components:
A) Assets, liabilities, and contributed capital.
B) Contributed capital, accumulated other comprehensive income, and retained earnings.
C) Liabilities, contributed capital, and retained earnings.
D) Liabilities, contributed capital, and accumulated other comprehensive income.

Question

Quizplus · Accepted Answer

Shareholders' equity consists of three components: contributed capital, accumulated other comprehensive income, and retained earnings. Assets and liabilities are part of the balance sheet, but they are not components of shareholders' equity.

Shareholders' Equity Consists of What Three Components