Which of the following would not likely be found in the minutes of the board of directors?
A)Amount of dividends declared.
B)Approval to pledge assets as security for debts.
C)Authorization of officers' salaries.
D)Approval of a new desktop computer for the controller.

Question

Quizplus · Accepted Answer

Approval of a new desktop computer for the controller is not a significant or material decision that would usually require recording in the minutes of the board of directors. The other options are all significant decisions that have implications for the company and its stakeholders, and would likely be recorded in the minutes.

Which of the Following Would Not Likely Be Found in the Minutes