The Statement of Shareholders' Equity Reports the Transactions That Cause

Multiple Choice

The statement of shareholders' equity reports the transactions that cause changes in its shareholders' equity account balances. It shows the beginning and ending balances in primary shareholders' equity accounts and any changes that occur during the years reported. Typical reasons for changes include each of the following except:

A) the sale of additional shares of stock.
B) the issuance of bonds.
C) net income.
D) declaration of dividends.