Reference no: EM132784292

Problem 1: Which of the following statements relating to shares is not correct?

Select one:

a. Each share in a company carries a right to share in the assets on the liquidation of the company.

b. A share represents an ownership right in a company.

c. Each share in a company carries a right to vote for directors of the company

d. Each share in a company carries a right to share proportionately in all new share issues of a company.

Problem 2: Accounting for share buy-backs is prescribed by:

Select one:

a. generally accepted accounting practices

b. an IFRS accounting standard

c. an IAS accounting standard

d. an IFRIC interpretation