Compare and contrast the various types of equity accounts on a balance sheet.© BrainMass Inc. brainmass.com December 15, 2022, 8:03 pm ad1c9bdddf
The various types of equity accounts shown on balance sheet are:
Paid in Capital: This is the fund or capital provided by equity investors in the stocks of the company.
Retained Earnings: This is the accumulated earnings which has been reinvested in the company.
"Paid-in" capital (or "contributed" capital) is that section of stockholders' equity that reports the amount a corporation received when it issued its shares of stock. Over the life of a corporation it has two choices of what to do with its net income: (1) pay it out ...
Compare and contrast the various types of equity accounts on a balance sheet.