Which of the following statements are correct?1. A company's authorised share capital must be included in its published statement of financial position as part of shareholders' funds.2 If a company makes a bonus issue of ordinary shares, the total shareholders interest (share capital plus reserves) remains unchanged3. A company's statement of changes in equity must include the proceeds of any share issue during the period4. A company must disclose its significant accounting policies by note to its financial statementsA.3 and 4 onlyВ.1 and 3 onlyС.1 and 2 onlyD.2, 3 and 4

From the following above given options: option (D)2,3,4 is the correct answer

Answered: 1. A company's authorised shar 2. If a…

Business

Accounting

1. A company's authorised shar 2. If a company makes a bonus 3. A company's statement of ch.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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Question

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Which of the following statements are correct?
1. A company's authorised share capital must be included in its published statement of financial position as part of shareholders' funds.
2 If a company makes a bonus issue of ordinary shares, the total shareholders interest (share capital plus reserves) remains unchanged
3. A company's statement of changes in equity must include the proceeds of any share issue during the period
4. A company must disclose its significant accounting policies by note to its financial statements
A.
3 and 4 only
В.
1 and 3 only
С.
1 and 2 only
D.
2, 3 and 4

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