Which One of the Following Is NOT a Characteristic of the Capital

Multiple Choice

Which one of the following is NOT a characteristic of the capital acquisition and repayment cycle?

A) Relatively few transactions affect the account balances, but each transaction is often highly material in amount.
B) There is a direct relationship between the interest and dividends accounts and debt and equity.
C) There is a legal relationship between the client and the holder of the equity securities.
D) The exclusion of a few transactions is rarely material by itself.