Under IFRS, a purchase by a company of its own shares is recorded by: (a) an increase

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Under IFRS, a purchase by a company of its own shares is recorded by:

(a) an increase in Treasury Stock.

(b) a decrease in contributed capital.

(c) a decrease in share capital.

(d) All of these are acceptable treatments.

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Financial And Managerial Accounting

ISBN: 9781118004234

1st Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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