At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstanding as a result of the
A)declaration of a share split.
B)declaration of a share dividend.
C)purchase of treasury shares.
D)payment in full of subscribed shares.

Question

Quizplus · Accepted Answer

The purchase of treasury shares reduces the number of shares outstanding but does not affect the number of shares issued, leading to issued shares exceeding outstanding shares.

At the Date of the Financial Statements, Ordinary Shares Issued