When treasury shares are reissued as dividends, what amount shall be charged to accumulated profits?
When treasury shares are reissued as dividends, what amount shall be charged to accumulated profits?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
When treasury shares are reissued as dividends, what amount shall be
charged to
A. Cost of the treasury shares
B. Par value of the treasury shares
C. Fair value of the treasury shares on the date of declaration
D. Fair value of the treasury shares on the date of issuance
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