Financial and Management Accounting

1: Assercion (A). Securities premium amount can be refunded in cash to equity shareholders for issuing fully paid bonus shares to members. Reason (R). Share premium is usually collected when the market price of the shares is higher than the face value of the share.
A.
Both A and R are true and R is the correct explanation of A.
B.
Both A and R are true and R is not the correct explanation of A.
C.

A is true but R is false

D.

A is false but R is true.

 

Answer : C

Explanation :

Write your comments here:


Report Error
 

Option: A

Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.