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Financial Accounting > INTEREST, DIVIDENDS, GAINS AND LOSSES > Flashcards

INTEREST, DIVIDENDS, GAINS AND LOSSES Flashcards

1
Q

Items related to financial liabilities such as dividends on shares should be?

A

classified as interest expense in the SCI

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2
Q

Items related to equity instruments are classified ?

A

directly against equity (dividends on shares classified as equity recorded against retained earnings)

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3
Q

Transaction cost on equity instruments are classified?

A

against share capital or retained earnings.

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Financial Accounting (11 decks)

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