Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when shares are reacquired at a cost less than the

When shares are reacquired at a cost less than the average per share value, the...

50.1K

Verified Solution

Question

Accounting

When shares are reacquired at a cost less than the average per share value, the difference is credited to

a) the appropriate share capital account.

b) Gain on Reacquisition of Shares.

c) Retained Earnings.

d) Contributed Surplus.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Sample 1 Drink Sample 2 Sample 3 Sample 4 Sample 5 Sample 6 Time of day 2.10pm 2.40pm 3.10pm 3.40pm 4.10pm 4.40pm Time interval (min) 76 30 30 30 30 30 Urination duration (s) 5 5 6 7 6 5 Urine volume (ml) 72 35 95 156 135 76 Urine...

Medical Sciences
Q

A binary geothermal power plant uses geothermal water at 160°C as the heat source. The plant...

Physics
Q

Assume you are a new employee at Payroll Inc. a company which process payroll, advises small...

Accounting
Q

The ages of boys in a football club are 10 11 11 10 12 13...

Basic Math
Q

The figure below shows f x and its linear approximation at x a y 2x...

Calculus
Q

The height of a toy rocket that is shot in the air with an upward...

Algebra
Q

receives breakfast, lunch, and free parking. The following are the costs incurred for putting on...

Accounting
Q

A young couple buying their first home borrow $90,000 for 30 years at 7.9%, compounded...

Accounting
Q

A piece of labor-saving equipment has just come onto the morket that Mitsui Electronics, Limited,...

Accounting
Q

Required information Knowledge Check 01 A buyer uses a periodic inventory system, and on December...

Accounting
Q

Duane Miller wants to know what price home he can afford. His annual gross income...

Accounting
Q

Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry for 840 million yen...

Finance