balance sheet accounts

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In situation of bankruptcy, stock which is recorded above common stock and below debt account is

In situation of bankruptcy, stock which is recorded above common stock and below debt account is
  • A. debt liabilities
  • B. preferred stock
  • C. hybrid stock
  • D. common liabilities
  • Correct Answer: Option B

Accounts payable, accruals and notes payables are listed on balance sheet as

Accounts payable, accruals and notes payables are listed on balance sheet as
  • A. accrued liabilities
  • B. current liabilities
  • C. accumulated liabilities
  • D. non-current liabilities
  • Correct Answer: Option B