The bonus issue of shares has the following impact on the equity of a company
A) total equity increases
B) total equity decreases
C) one equity account increases and another equity account decreases by an equal amount
D) only the amount of issued share capital changes.
Correct Answer:
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Q10: When shares are issued fully payable on
Q11: The appropriate account to record any excess
Q12: Following the allotment the balance in the
Q13: Which of the following journal entries demonstrates
Q14: On 1 July 2012,a company redeemed its
Q16: Following the allotment,the amount transferred from the
Q17: Identify 5 common differences between ordinary and
Q18: Bonacurso Limited issued 10 000 share options
Q19: After application,and prior to allotment,the balance in
Q20: The entry to record the forfeiture of
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