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Which of the following statements is incorrect concerning treasury shares? Select one: a. Treasury shares shall be recorded at an average cost per share. b.

Which of the following statements is incorrect concerning treasury shares? Select one:

a. Treasury shares shall be recorded at an average cost per share.

b. The total cost of treasury shares shall be deducted from equity.

c. Treasury shares may be recognized as financial asset

. d. Gain or loss on sale of treasury shares shall not be included in profit or loss.

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