Question: Silky Limited a private company that complies with accounting standards

Silky Limited, a private company that complies with accounting standards for private enterprises (ASPE), has redeemable preferred shares outstanding that carry a dividend of 5%. If the shares are not redeemed within five years, the dividend will double every five years from then on. How should Silky account for this instrument? How should Silky treat the dividends associated with the redeemable preferred shares?

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  • CreatedAugust 23, 2015
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