1. The stockholders' equity section of a balance sheet includes capital contributed by owners and also retained earnings. True False
2. Under the stable monetary unit assumption, accounting information should be measured and reported in terms of the national monetary unit, with an adjustment for changes in purchasing power. True False
3. Assets are reported on the balance sheet in the order of liquidity. True False
4. Many valuable assets such as trademarks and copyrights are not reported on a company's balance sheet. True False