Overview

This Section establishes presentation standards for capital transactions. Capital transactions include items such as:

1. changes in capital, including premiums, discounts and expenses relating to the issue, redemption or cancellation of share capital;

2. gains or losses on purchase and resale by a company of its own issued common shares or on purchase and cancellation by a company of its own issued common shares;

3. contributions by owners or others (see Section 3251 Equity);

4. transfers to and from reserves (see Section 3260 Reserves);

5. dividend distributions (including stock dividends); and

6. taxes arising at the time of changes in shareholder status or share capital transactions (see paragraphs 3465.09 and 3465.59-.78 Income Taxes).

History of Section 3610

Note: The above summary does not include details of consequential amendments made as the result of other projects.