Question
Where there is a redemption of preference shares 'out of profit': the redemption is recorded in the appropriations section of the profit and loss account.
Where there is a redemption of preference shares 'out of profit':
the redemption is recorded in the appropriations section of the profit and loss account.
the redemption is recorded as an expense.
the redemption is recorded as a liability and is amortised over a maximum of five years.
the redemption is not recorded in the current period.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
