Thursday 15 October 2015

Cima F1 Exam Question No 25

Question No 25:

PH purchased 100,000 of its own $1 equity shares on the stock market for $105,000. PH classified the shares as “treasury shares”. PH still held the treasury shares at the year end.
How should PH present the treasury shares according to IAS 32 Financial Instruments, Presentation?

A.
As a non-current asset investment $100,000
B.
As a non-current asset investment $105,000
C.
As a deduction from equity $100,000
D.
As a deduction from equity $105,000

Answer: D

No comments:

Post a Comment

Note: only a member of this blog may post a comment.