Puzzles4u Plc has just issued 500,000 new shares. The par or nominal value of each share is 25p and the issue price was 50p. Which two alterations below would both be required as part of the necessary adjustments to Puzzles4u Plc's Statement of Financial Position immediately after the issue? a Issued Share Capital:+125,000 : Cash under Net Current Assets:+250,000 b. Issued Share Capital:+375,000 : Other Reserves:+125,000 c. Other Reserves:+125,000 : Retained Earnings: 125,000 d. Cash under Net Current Assets:+250,000 : Issued Share Capital:+250,000 Adventurous Holidays has recently become a public limited company. Which of the following statements is false? a. It must now add either "Limited" or "LTD" to the end of its name. b. It can now offer its shares to the general public. C. It will need to produce audited accounts. d. It must have issued share capital of at least 50,000 Which of these following statements is most likely to be true about credit sales? a. The seller has a right to take back the underlying asset if the buyer defaults. b. The regular monies paid by the buyer are not normally considered to include an explicit allowance for interest. c. Legal ownership of the underlying asset tends to transfer to the buyer more slowly than under a hire purchase agreement d. The length of the arrangement relative to the expected useful lifetime of the underlying asset is not a critical factor for the seller