Which account listed below should not show up on a balance sheet?

A. Notes payable
B. Accumulated depreciation for a building
C. Common stock
D. Sales returns and allowances

Question

30-06-2024
Business

Answered

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Which account listed below should not show up on a balance sheet?

A. Notes payable
B. Accumulated depreciation for a building
C. Common stock
D. Sales returns and allowances

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-30T23:25:34-04:00

Final answer:

Common stock should not appear on a balance sheet as it relates to ownership in the company, not liabilities.

Explanation:

Common stock should not show up on a balance sheet because it is part of the equity section rather than the liabilities section. Common stock represents ownership in the company and is not a liability that the company owes.

Learn more about Balance sheet components here:

https://brainly.com/question/39264939

Sagot :

Final answer:

Explanation:

Learn more about Balance sheet components here:

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