Question
G has the following equity balances: Ordinary share capital, 1 nominal value 400,000 Share premium 400,000 It buys back 50,000 of its ordinary shares at
G has the following equity balances:
|
| |
| Ordinary share capital, 1 nominal value | 400,000 |
| Share premium | 400,000 |
It buys back 50,000 of its ordinary shares at the market value of 5 each. It intends to hold the shares and re-issue them in the future.
Which of the following represents the Statement of financial position after the buy-back?
|
| A | B | C | D |
| Share capital | 350,000 | 400,000 | 400,000 | 400,000 |
| Share premium | 200,000 | 400,000 | 400,000 | 400,000 |
| Treasury shares |
| (250,000) | 250,000 | (50,000) |
a.
Statement C
b.
Statement B
c.
Statement D
d.
Statement A
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Economics, Accounting And The True Nature Of Capitalism Capitalis Ecology And Democracy
Authors: Jacques Richard, Alexandre Rambaud
1st Edition
1032046589, 9781032046587
