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When a Canadian corporation is capitalized by the purchase of treasury shares, it would be incorrect to say.... Multiple Choice The stated capital or paid
When a Canadian corporation is capitalized by the purchase of treasury shares, it would be incorrect to say....
Multiple Choice
The stated capital or paidup capital of the shares would equal the amount the corporation received for the shares.
There would be no tax consequences to the existing shareholders.
Any loss on the subsequent sale of the shares would be treated as a capital loss.
All funds paid by the corporation back to the purchasers would be included in their taxable income.
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