Maurice Tutor

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Category > Accounting Posted 20 May 2018 My Price 5.00

Redeemable Preference

 

a firm has raised funds in the year ended 31 March 2017, The company issued 3m 7% Redeemable Preference shares issued at par (£1) on 1 April 2016. They are redeemable at par on 31 March 2020. The directors have shown these under Equity. 

 

are the suggested accounting treatments correct, and how should each item should be accounted for under IAS 32 at inception, and subsequently during the year ended 31st March 2017, in the financial statements of Horse. 

Answers

Maurice Tutor
(5)
Status NEW Posted 20 May 2018 06:05 PM My Price 5.00

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