Which of the following would not be a place in which owners' equity transactions would be documented?
A)Capital budget
B)Minutes of the meetings of the board of directors
C)Proxy statements
D)Securities offering registration statements

Question

Quizplus · Accepted Answer

Capital budget is a plan on how to allocate financial resources for long-term investments, such as property, equipment, and infrastructure. It is not a place where owners' equity transactions, which deals with the ownership interest of shareholders, would be documented. The other choices - minutes of the meetings of the board of directors, proxy statements, and securities offering registration statements - are legitimate places where owners' equity transactions are recorded or disclosed.

Which of the Following Would Not Be a Place in Which