ACCOUNTING IA1

Western Governors University ACCOUNTING IA1 ZachIA2 Exam Questions and Answers 1. Total stockholders' equity represents a. a claim to specific assets contributed by the owners. b. the maximum amount that can be borrowed by a company. c. a claim against a portion of the total assets of a company. d. only the amount of earnings that have been retained in the business. 2. Stockholders' equity is generally classified into two major categories: a. contributed capital and appropriated capital...