A company has a share capital consisting of 100000 shares issued at $2 per share, and 50000

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A company has a share capital consisting of 100000 shares issued at $2 per share, and 50000 shares issued at $3 per share. Discuss the effects on the accounts if:

(a) the company buys back 20000 shares at $4 per share

(b) the company buys back 20000 shares at $2.50 per share.

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Financial Reporting

ISBN: 978-0730363361

2nd Edition

Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes

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Question Posted: Jul 23, 2024 07:00 AM

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A company has a share capital consisting of 100000 shares issued at $2 per share, and 50000

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Financial Reporting

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