Which of the Following Is Not True Regarding Shareholders' Equity

Which of the following is not true regarding shareholders' equity for a corporation?

A) Shareholders' equity is the residual interest of owners in the assets of an entity, after subtracting liabilities.
B) Shareholders' equity includes assets exchanged by owners in return for an ownership interest.
C) Shareholders' equity includes net assets generated by earnings activities in excess of net assets distributed to owners as dividends.
D) Shareholders' equity is increased by repurchases by the firm of its ownership interests.
E) all of the above.