According to IFRS, redeemable preference shares should be
A)included with ordinary shares.
B)included as a liability.
C)excluded from the statement of financial position.
D)included as a contra item in shareholders' equity.

Question

Quizplus · Accepted Answer

Redeemable preference shares are considered a liability under IFRS because they represent a contractual obligation to repay the principal amount to the holders at a specified future date.

According to IFRS, Redeemable Preference Shares Should Be