In which account would "transactions with owners" be reported?
A)Appropriated reserves.
B)Unappropriated retained earnings.
C)Contributed surplus.
D)Accumulated other comprehensive income.

Question

Quizplus · Accepted Answer

"Transactions with owners" refers to the movement of funds between the company and its shareholders, such as issuing or buying back shares. This type of activity is reported in the contributed surplus account, which is a component of shareholders' equity. Appropriated reserves, unappropriated retained earnings, and accumulated other comprehensive income are also components of shareholders' equity, but they do not specifically relate to transactions with owners.

In Which Account Would "Transactions with Owners" Be Reported