Asked by
Rajat Malhotra
on Oct 27, 2024
Verified
What would be the title for the common stock account on a balance sheet prepared using International Financial Reporting Standards (IFRS) ?
A) Common shares.
B) Premium shares.
C) Share capital.
D) Capital premium.
Common Shares
Equity ownership units in a corporation, entitling holders to voting rights and dividends.
Share Capital
Share capital refers to the funds raised by a company through the issuance of shares, which represent ownership interests in the company.
IFRS
International Financial Reporting Standards, a set of accounting guidelines that provide the basis for financial reporting across many countries globally.
- Comprehend the positive outcomes associated with different organizational structures, including sole proprietorships, partnerships, and corporations.
Verified Answer
DP
Learning Objectives
- Comprehend the positive outcomes associated with different organizational structures, including sole proprietorships, partnerships, and corporations.