Classify each of the following accounts as asset, liability, stockholders equity, revenue, or expense and indicate the

Question:

Classify each of the following accounts as asset, liability, stockholders’ equity, revenue, or expense and indicate the normal balance of each account.

a. Paid- in Capital in Excess of Par Value

b. Preferred 7 Percent Stock

c. Stock Dividend Distributable

d. Appropriated Retained Earnings

e. Retained Earnings

f. Common Stock Subscribed

g. Subscriptions Receivable, Common Stock

h. Common Stock

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...