A primary source of stockholders’ equity

1) A primary source of stockholders’ equity is

A. contributions by stockholders
B. both income retained by the corporation and contributions by stockholders
C. appropriated
D. income retained by the corporation

2) Stockholders’ equity is generally classified into two major categories:

A. retained earnings and unappropriated capital
B. earned capital and contributed capital
C. and retained earnings
D. contributed capital and appropriated capital