In recent years several large listed companies have purchased their own ordinary shares. You are required to
Question:
In recent years several large listed companies have purchased their own ordinary shares.
You are required to summarise:
(a) the accounting requirements for a public listed company when it purchases its own shares; (9 marks)
(b) six advantages of a company purchasing its own shares. (6 marks)
CIMA, Advanced Financial Accounting, November 1991 (15 marks)
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Related Book For 
Advanced Financial Accounting
ISBN: 9780073526744
7th Edition
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
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