Which of the following accounts would not be reported on the balance sheet?
Posted: Sat Aug 07, 2021 6:42 am
A) Retained earnings.
B) Inventory.
C) Accounts payable.
D) Dividends.
Answer: D
Explanation: Dividends are reported on the statement of stockholders' equity.
Difficulty: 1 Easy
Topic: Financial statements—Balance sheet
Learning Objective: 01-01 Recognize the information conveyed in each of the four basic
financial statements and the way that it is used by different decision makers (investors, creditors,
and managers).
B) Inventory.
C) Accounts payable.
D) Dividends.
Answer: D
Explanation: Dividends are reported on the statement of stockholders' equity.
Difficulty: 1 Easy
Topic: Financial statements—Balance sheet
Learning Objective: 01-01 Recognize the information conveyed in each of the four basic
financial statements and the way that it is used by different decision makers (investors, creditors,
and managers).