Hi, I have a test regarding my managerial accounting and I have the following questions
8- Retained earnings are a general claim against ________.
A.creditors B.paid in capital C. total assets D. stockholders
9-On a classified balance sheet, the Equipment account is reduced by ________.A. Allowance for Doubtful Accounts B. Depreciation Expense
C. Allowance for Bad Debts D. Accumulated Depreciation
10- Unsecured debt holders are creditors who have ________.A. a specific claim against particular assets B. a general claim against fixed assets only C. a specific claim against fixed assets only D. a general claim against total assets11- Treasury stock is shown on the balance sheets as a deduction from ________.A. total assetsB. total current assetsC. total stockholders’ equityD. total liabilities