A deficit appears in a corporation's financial statements:
A. Among the operating expenses.
B. Among the liabilities.
C. As an element of total paid-in capital.
D. As a deduction from total paid-in capital.
Answer:D
A deficit appears in a corporation's financial statements:
A. Among the operating expenses. B. Among the liabilities. C. As an element of total paid-in capital. D. As a deduction from total paid-in capital.