answer just 30 minute left

7:23 + Midterm Examination O 02:53:38 29 of 80 -/15 View Policies Current Attempt in Progress How is cash invested by shareholders in exchange for shares initially recorded in the accounting records? O as an increase in Retained Earnings, and an increase in Cash as an increase in Long-Term Investments, and a decrease in Cash as an increase in Common Shares, and a decrease in Cash O as an increase in Common Shares, and an increase in Cash Save for Later Google Chrome 3.7 FREE INSTALL AX coll Home Luma Laurention LUNET D2L 7:23 + Midterm Examination O 02:53:35 30 of 80 -/ 15 View Policies Current Attempt in Progress The main objective of IFRS and ASPE is to ensure compliance with the income tax act. to protect shareholder investment. Oto produce financial reporting that is useful for financial statement users. to provide specific guidelines for publicly traded companies. Save for Later Attempts: 0 of 1 used Submit Answer AX Google Chrome 37 FREE INSTALL coll Home Luma Laurention LUNET D2L 7:23 + Midterm Examination O 02:53:31 31 of 80 -/1 View Policies Current Attempt in Progress The receipt of cash is a revenue recognition criteria for IFRS. ASPE. cash basis of accounting accrual basis of accounting. Save for Later Attempts: 0 of 1 used Submit Answer AX Google Chrome 37 FREE INSTALL . coll Home Lumal myLaurent LUNET D2L