A statement of stockholders' equity would include all of the following transactions EXCEPT:
A) Cash dividends declared by the board of directors.
B) Foreign exchange gain.
C) Cumulative translation adjustment.
D) Treasury stock reacquired by the corporation.

Question

Quizplus · Accepted Answer

Foreign exchange gain is an income statement item and does not affect stockholders' equity. The other items listed (cash dividends, cumulative translation adjustment, and treasury stock) all affect stockholders' equity.

A Statement of Stockholders' Equity Would Include All of the Following