21. What does IAS 32 provide as regards to the gain from sale of treasury shares? Group of answer choices a. It shall be recognized in profit or loss. b. It shall be credited to share premium. c. It shall be credited to share capital. d. It shall be credited to retained earnings.

21. What does IAS 32 provide as regards to the gain from sale of treasury shares? Group of answer choices a. It shall be recognized in profit or loss. b. It shall be credited to share premium. c. It shall be credited to share capital. d. It shall be credited to retained earnings.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

21. What does IAS 32 provide as regards to the gain from sale of treasury shares?

Group of answer choices

a. It shall be recognized in profit or loss.

b. It shall be credited to share premium.

c. It shall be credited to share capital.

d. It shall be credited to retained earnings.

Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item

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