Answer:
2. Minimum legal capital.
Explanation:
The minimum legal capital is that amount of capital which should stay in the business at all times and this amount is not allowed to be taken out of the business and should not be distributed in any manner whatsoever.
Shareholders' equity reported on the balance sheet is most likely to differ from the market value of shareholders' equity because historical cost basis is used for all assets and liabilities.
<h3>What is
Shareholders' equity?</h3>
Shareholders' equity is the claim of the owners of a company on the asset of the company after liabilities have been accounted for.
Shareholders' equity = assets - liabilities.
Accounting principles dictate that assets and liabilities be recorded on an historical basis on the balance sheet. This entails recording the asset at the cost at which it was purchased.
To learn more about stockholder’s equity, please check: brainly.com/question/26210654
Answer:
false
Explanation:
The allowance procedure estimates bad debt expense before an uncollectible account receivable has been purposed to be uncollectible.
Statement of owners equity is considered a link between the income statement and balance sheet. I think thats the answer your looking for
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