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Q. |
Which of the following statement is true: |
A. | There is no change in the amount of capital reserve before and after issue of bonus share of the issue is made from out of pre-acquisition profit. |
B. | There is change in the amount of capital reserve before and after issue of bonus share of the issue is made from out of post-acquisition profit. |
C. | There is change in the amount of capital reserve before and after issue of bonus share of the issue is made from out of pre-acquisition profit. |
D. | There is no connection between the issue of bonus shares and the calculation of capital reserve. |
Answer» A. There is no change in the amount of capital reserve before and after issue of bonus share of the issue is made from out of pre-acquisition profit. |
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