Solved: What are the types of equity accounts, Accounting Basics

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What are the types of equity accounts

Question 1: What are the types of equity accounts? What is the role of equity accounts in raising capital? Under what circumstances would you not pay a dividend? Under what circumstances would you pay a dividend?

Question 2: What is a current liability? What is a noncurrent liability? What is the difference between the two types of liabilities? In which financial statement would you find these liabilities?

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Accounting Basics: What are the types of equity accounts

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