How is loss on retirement of treasury shares recorded? O Debited to share premium from original issuance, share premium from treasury shares and then retained earnings. Debited to share premium from treasury shares and then retained earnings. O Debited to share premium from treasury shares, share premium from original issuance and then retained earnings. O Debited to retained earnings. For treasury shares acquired in exchange for non-cash consideration, how much should the treasury shares be measured? O Book value of the non-cash consideration. O Fair value of the non-cash consideration, O Par value or slaled value of the shares, O Fair value of the shares. If the treasury shares are reissued at more than its cost, the excess is credited to gain reported in the company's income statement. Treasury shares are recorded at cost regardless of whether the shares are acquired below or above the par value or stated value. O False, True O False, False O True True True False