According to the CBCA, When a Company Purchases Its Own

question 63

Multiple Choice

According to the CBCA, when a company purchases its own shares on the market

• A) they are recorded with a debit to Repurchased Shares.
• B) the amount paid is deducted from the share class to which they belong.
• C) they must be cancelled.
• D) the excess of purchase price over cost is a loss.

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