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What details would affect treasury shares

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Reference no: EM132528020

In reissuance below cost, it is said if the share premium-treasury shares has no balance, it should be charged to accumulated profits.

Thus, in this scenario,

Re-issued 6,000 of the treasury shares for ?15 per share.

Cash 90000

Accumulated Profit - Free 36000

Treasury Shares 126000

Question 1: After that, would this impact accumulated profits free in the statement of changes in shareholder's equity??

Question 2: What details would affect treasury shares and accumulated profits in the shareholder's equity??

Reference no: EM132528020

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