Which TWO of the following are valid uses of a share premium account? (1) To issue fully paid shares under a bonus issue (2) To pay issue costs and expenses in respect of a new share issue (3) To issue fully paid shares under a rights issue (4) To purchase treasury shares
A、1 and 2
B、1 and 4
C、2 and 3
D、2 and 4
A、1 and 2
B、1 and 4
C、2 and 3
D、2 and 4
【参考答案及解析】
The permitted uses of a share premium account are to issue fully paid shares under a bonus issue or pay issue expenses and commissions in respect of a new share issue.
The permitted uses of a share premium account are to issue fully paid shares under a bonus issue or pay issue expenses and commissions in respect of a new share issue.