Question
A company did a share-buy-back of 1,000 shares at a fair value of $2 each. Which of the statement is incorrect? The amount of equity
A company did a share-buy-back of 1,000 shares at a fair value of $2 each. Which of the statement is incorrect?
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| The amount of equity on the balance sheet decreases by $2,000. |
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| There is a financing cash outflow of $2,000. |
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| The number of shares outstanding is now lower by 100 shares. |
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| None of the above |
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Brinks Modern Internal Auditing A Common Body Of Knowledge
Authors: Robert R. Moeller
7th Edition
0470293039, 978-0470293034
