Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please do it in 20 minutes please urgently... I'll give you positive feedback only final answer no need to do calculation Question 10. Company A
please do it in 20 minutes please urgently... I'll give you positive feedback only final answer no need to do calculation
Question 10. Company A Ltd. issues 1 for 2 bonus shares. Considering the below Statement of Financial Position of Company A, which of the following statements is true? Non-Current Assets Buildings 30,000 Accumulated Depreciation (10,000) Current Assets Inventory 2,000 Cash 12,000 Total Assets 34,000 Equity Share capital (20,000 shares of 1 each) 20,000 Retained Earnings 14,000 Liabilities Total Equity and Liabilities 34,000 a) Company A needs to increase equity in 10,000. b) Company A increases share capital in 10,000 and decreases retained earnings in the same amount. c) Company A will issue 20,000 shares. d) Company A decreases share capital in 10,000 and increases retained earnings in the same amountStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started