If treasury shares are subsequently retired and the cost of the treasury shares exceeds the par value, the difference is charged Group of answer choices a. first, Share premium from the original issuance and then Retained Earnings. b. first to share premium from original issuance and then share premium from treasury shares of the same class. c. first to share premium from original issuance, and then share premium from treasury shares of the same class and then to retained earnings. d. first to share premium from treasury shares of the same class and then the balance to retained earnings.
If treasury shares are subsequently retired and the cost of the treasury shares exceeds the par value, the difference is charged Group of answer choices a. first, Share premium from the original issuance and then Retained Earnings. b. first to share premium from original issuance and then share premium from treasury shares of the same class. c. first to share premium from original issuance, and then share premium from treasury shares of the same class and then to retained earnings. d. first to share premium from treasury shares of the same class and then the balance to retained earnings.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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7. If treasury shares are subsequently retired and the cost of the treasury shares exceeds the par value, the difference is charged
Group of answer choices
a. first, Share premium from the original issuance and then Retained Earnings .
b. first to share premium from original issuance and then share premium from treasury shares of the same class.
c. first to share premium from original issuance, and then share premium from treasury shares of the same class and then to retained earnings.
d. first to share premium from treasury shares of the same class and then the balance to retained earnings.
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