21. What does IAS 32 provide as regards to the gain from sale of treasury shares? Group of answer choices a. It shall be recognized in profit or loss. b. It shall be credited to share premium. c. It shall be credited to share capital. d. It shall be credited to retained earnings.
21. What does IAS 32 provide as regards to the gain from sale of treasury shares? Group of answer choices a. It shall be recognized in profit or loss. b. It shall be credited to share premium. c. It shall be credited to share capital. d. It shall be credited to retained earnings.
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 21MC: Which of the following measures the portion of a corporations profit allocated to each outstanding...
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21. What does IAS 32 provide as regards to the gain from sale of treasury shares?
Group of answer choices
a. It shall be recognized in profit or loss.
b. It shall be credited to share premium.
c. It shall be credited to share capital.
d. It shall be credited to retained earnings .
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