On 31 December 20X6 GHI makes a bonus issue of 50,000 shares On this dale...

CIMA BA3 Question Answer

On 31 December 20X6 GHI makes a bonus issue of 50,000 shares On this dale the nominal value of the shares is $1 and the market value is $3 GHI has a share premium account with a substantial credit balance. The share capital account is credited correctly in the nominal ledger. Which of the following statements is TRUE?

The bonus issue is valued at $3 per share and the debit entry is to the cash account

The bonus issue is valued at $1 per share and the debit entry is to the share premium account

The bonus issue is valued at $1 per share and the debit entry is to the cash account

The bonus issue is valued at $3 per share and the debit entry is to the share premium account

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CIMA BA3 Summary

Vendor: CIMA
Product: BA3
Update on: Jul 29, 2025
Questions: 393

Price: $52.5 ~~$149.99~~

A company uses the straight line method of depreciation.

Which of the following are likely examples of accrued expenses:

Weekend Sale Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmasmnth

On 31 December 20X6 GHI makes a bonus issue of 50,000 shares On this dale...

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CIMA BA3 Summary

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