Which of the following events increases a corporation's shareholders equity?
FINANCIAL
JAMB 1999
Which of the following events increases a corporation's shareholders equity?
- A. Donation of shares out of the corporation's own stock to the corporation
- B. The corporation's purchase of treasury stock
- C. Shares of previously subscribed stock issue to subscribing stockholders
- D. A municipality donation of land to the corporation
Correct Answer: A. Donation of shares out of the corporation's own stock to the corporation
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