Senior Statement of Changes in Equity

Test your Senior-level Statement Of Changes In Equity skills in Financial Statements. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

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Question 1 of 40Assessment

If treasury shares, originally purchased for $10 per share, are reissued for $15 per share, how is the $5 gain per share reflected in the SOCIE?

A. Recognized as a gain in the statement of profit or loss.

B. Credited to share premium or a separate capital reserve.

C. Added to the carrying amount of the treasury stock account.

D. Credited directly to the retained earnings account.

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