On 3 October 20X6, Corbin Ltd issued 100,000 5% redeemable GHS 1 preference shares. These shares are redeemable on 3 October 20Y1. In accordance with IAS 32 Financial Instruments: Presentation , how...

• On 3 October 20X6, Corbin Ltd issued 100,000 5% redeemable GHS 1 preference shares. These shares are redeemable on 3 October 20Y1.

In accordance with IAS 32
Financial Instruments: Presentation, how will these shares and their related dividend be shown in Corbin Ltd’s financial statements for the year ended 31 December 20X6?

Shares                                      Dividend

A         Non-current liabilities            Income statement

B          Non-current liabilities            Statement of changes in equity

C         Equity                                     Income statement

D         Equity                                     Statement of changes in equity