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1) Which one of these accounts appears on the right-hand side of a balance sheet? A) Property, plant, and equipment B) Accumulated retained earnings C) Accumulated depreciation D) Cash and equivalents E) Intangible assets Answer: B Difficulty: 1 Easy Section: 2.1 The Balance Sheet Topic: Balance sheet Bloom's: Understand AACSB: Reflective Thinking Accessibility: Keyboard Navigation 2) The entire book value of the residual ownership of a corporation is known as the: A) total equity. B) intangible assets. C) retained earnings. D) capital surplus. E) total assets. Answer: A Difficulty: 1 Easy Section: 2.1 The Balance Sheet Topic: Balance sheet Bloom's: Understand AACSB: Reflective Thinking Accessibility: Keyboard Navigation
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