Under IFRS, Common Shares Are Also Called

question 5

Multiple Choice

Under IFRS, common shares are also called

• A) ordinary shares.
• B) potential shares.
• C) treasury shares.
• D) non-dilutive shares.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Receivables Balance

Receivables balance refers to the total amount of money owed to a company by its customers for goods or services delivered on credit.

Accounts Receivable Period

The standard timeframe a company needs to gather owed payments from its customers.

Sales

The transactions involving the exchange of goods or services for money, representing the major source of revenue for a business.