Fancy Imports applies International Financial Reporting Standards. The company issued shares of the company's Class B stock.

Fancy Imports should report the stock in the company's statement of financial position:

Multiple Choice

as equity unless the shares are redeemable at the option of the issuer.

among liabilities if the shares are mandatorily redeemable or redeemable at the option of the shareholder.

as eauitv unless the shares are mandatorilv redeemable.