Q943
Which one of the following statement is incorrect?
A.
Bonus shares are issued without payment
B.
Only revenue reserves should be used when bonus is declared in order to make partly paid shares into fully paid shares
C.
Fully paid bonus shares are issued only out of capital reserves
AnswerD.
The process of issue of bonus shares is also known as capitalisation of reserves
Answer: Option C
Solution
Answer: Option C
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