Which of the Following Types of Owners' Equity Transactions Would

question 37

Multiple Choice

Which of the following types of owners' equity transactions would require authorization by the board of directors?

• A)Issuance of capital stock
• B)Repurchase of capital stock
• C)Declaration of dividends
• D)All of the above

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Definitions:

Safety Stock

Extra stock to allow for uneven demand; a buffer.

Continuous Improvement

A continuous commitment to enhance products, services, or processes through minor, step-by-step changes gradually.

Respect for People

A principle in leadership and management emphasizing the importance of treating all individuals with dignity, considering their needs and contributions.

Standard Work Practices

Standard work practices refer to the set of procedures and guidelines designed to consistently achieve optimal performance, quality, and safety in an organization's operations.