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Treasury shares – ACCA Corporate and Business Law (LW) (ENG)

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  1. Thank you so much Mike I have passed this paper just a few weeks ago and will be attempting another one this coming September. Due certain events in my life i stopped attempting ACCA exams for almost a year and a half. One if which was a loss in confidence to actually finish ACCA due to failing exams a bunch of time in the past. Then I dicided to give it another try with Open tuition. While studying this paper with you Mike I got to not only learn but have fun a long the way. After passing the exam it has given me hope to continue ACCA.

    I hope this inspires other students to continue what we have started already and that we can do it with Open tuition.

  2. Hi Mike,

    I just wanted to leave a quick note to say thank for all the great lectures.

    I sat my LW exam today and passed with flying colours. I owe a large portion of that success to your videos and notes.

    Onward to the PM paper now 馃檪 Thanks again!!

    Stephen

    • The total never was $1,100 and we did NOT remove 100 shares from share premium

      We reduced share capital by $100 and the effect of that was to reduce the buffer fund from $850 down to $750

      So now restore the buffer fund by the transfer from retained earnings to a new undistributable reserve

      The effect of that restoration is to re-increase the buffer fund back to $850 and reduce the retained earnings down to $150

      The mistake that I have made is to write ‘$1,100’ as the adjusted total instead of $1,000

      I even say ‘$1,100’ when in fact the total is (and always was!) $1,000

      But thanks for your input and well done for spotting that error

      I’ll probably not change it by re-recording the lecture – that wouldn’t really be worthwhile because the figures should make sense from the words that I’m using during the illustration

      OK?

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