December sample question 4Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › December sample question 4This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts February 29, 2020 at 1:04 pm #563547 Ibra@2605MemberTopics: 5Replies: 2☆Guidance buys back its shares for cash and cancelled the 25M shares at $1.20 per shares.Logically the double entry is Dr equity 30 Cr cash 30In the answer it appears that equity and assets has increased by 30m.Please advise. February 29, 2020 at 7:08 pm #563586 Stephen WidbergKeymasterTopics: 15Replies: 3349☆☆☆☆☆Redemption has already been accounted for.Question is asking what ratios would have been like if we ignored the effect of the share redemption.Horrible!AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In