How Should a "Gain" from the Sale of Treasury Shares

question 69

Multiple Choice

How should a "gain" from the sale of treasury shares be reflected when using the cost method of recording treasury shares transactions?

• A)As other income shown on the income statement.
• B)As share premium from treasury share transactions.
• C)As an increase in the amount shown for share capital.
• D)As an increase in the retained earnings amount.

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