If bonus shares are issued out of pre-acquisition profit, it will have
A. Direct effect on the Consolidated Balance Sheet
B. No effect on the Consolidated Balance Sheet
C. No effect on Net Profit
D. None of the above
Answer:B
If bonus shares are issued out of pre-acquisition profit, it will have
A. Direct effect on the Consolidated Balance Sheet B. No effect on the Consolidated Balance Sheet C. No effect on Net Profit D. None of the above