Answered: against the related share premium b.…

against the related share premium b. Charged to an expense account c. Written off directly against share capital d. Taken to profit or loss

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 1MC

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Question

Transaction costs incurred by the corporation relating to issue of shares may not be

a. Charged against the related share premium

b. Charged to an expense account

c. Written off directly against share capital

d. Taken to profit or loss

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