Answered: Under IFRS, a purchase by a company of…

Under IFRS, a purchase by a company of its own shares results in: a. an increase in treasury shares. b. a decrease in assets. c. a decrease in equity. d. All of the above.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter15: Shareholders’ Equity: Capital Contributions And Distributions

Section: Chapter Questions

Problem 10Q

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Question

Under IFRS, a purchase by a company of its own shares results in:

a. an increase in treasury shares.

b. a decrease in assets.

c. a decrease in equity.

d. All of the above.

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