Bryce Canyon, public accountant, is auditing the financing cycle of Top Hat Ltd. He reviews the constitution of Top Hat in relation to the company's ordinary shares to determine proper disclosure of which of the following?
A) authorised shares and par value
B) issued shares and preference shares outstanding
C) number of shares reserved for retained earnings
D) state of incorporation and officers

Question

Quizplus · Accepted Answer

The constitution of a company typically outlines the authorised shares and par value, which are important for proper financial disclosure.

Bryce Canyon, Public Accountant, Is Auditing the Financing Cycle of Top