Which one of the following statements is true regarding share issue by a company?

Question

Answer

Where future date has been specified for calling up the unpaid portion of shares issued, an asset
is not recognised

Answer

Where
shares have been issued on an instalment basis, with an amount to be paid on
issue and with further amounts payable at specified future dates, a receivable
must be recognised

Answer

When
a company makes an issue of shares to the public the subscriptions for the
shares should be held in the company's bank  account until such time as the shares are
allotted.

Answer

Where
shares issued by a company are partly paid, the paid portion of the shares is accounted for in
the same
manner as fully paid shares, while the balance, the deferred consideration, is
shown as a liability.

Crowdly

Which one of the following statements is true regarding share issue by a company...

Want instant access to all verified answers on elearn.waikato.ac.nz?