The purchase of treasury share creates an asset for the corporation and is recorded at the cost of the shares purchased not par value.
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Q8: Preference share means the share is entitled
Q9: Contributed capital is equivalent to issued and
Q10: Ordinary share is considered the legal capital
Q11: When a state authorizes the sale of
Q11: It is illegal for the government to
Q12: A share split will decrease the total
Q14: The declaration of a cash dividend by
Q16: A shareholders' subsidiary ledger will have entries
Q17: Treasury share is share of a corporation
Q18: Only preference share of a corporation must
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