Day: November 7, 2021

A company’s Balance Sheet includes the following extract:

What is the maximum number of bonus shares that may legally be issued?

Select ONE answer:

1. 1,400,000
2. 2,400,000
3. 3,000,000
4. 3,400,000

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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