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.

Name: 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.
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Question

Quizplus · Accepted Answer

IFRS uses the term "share capital" to refer to the common stock account.

What Would Be the Title for the Common Stock Account