Answered: Under IFRS, a purchase by a company of…

Under IFRS, a purchase by a company of its own shares results in: a. an increase in treasury shares. b. a decrease in assets. c. a decrease in equity. d. All of the above.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 16MCQ

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Question

Under IFRS, a purchase by a company of its own shares results in:

a. an increase in treasury shares.

b. a decrease in assets.

c. a decrease in equity.

d. All of the above.

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