Fancy Imports applies International Financial Reporting Standards. The company issued shares of the company's Class B stock. Fancy Imports should report the stock in the company's statement of financial position
A) as equity unless the shares are redeemable at the option of the issuer.
B) as equity unless the shares are manditorily redeemable.
C) among liabilities if the shares are manditorily redeemable or redeemable at the option of the shareholder.
D) among liabilities unless the shares are manditorily redeemable.
Answer: C
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