Which of the following share issue costs does not qualify as a deduction from share capital?

Question

Quizplus · Accepted Answer

Administration overheads are general operating expenses and are not specific to the share issue, therefore do not qualify as a deduction from share capital. The other options, including advertising costs, prospectus issue costs, and audit expenses, are all directly related to the share issue and therefore qualify as deductions from share capital.

Which of the Following Share Issue Costs Does Not Qualify