Accounting Multiple Choice Question – 9 September 2021

A company redeems its preference shares and makes a bonus issue of one ordinary share for every four held. 

How will these transactions affect the balance sheet?

Select ONE answer:

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

• Not correct
• Correct
• Not correct
• Not correct

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