WAEC Accounting 2024 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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Shares which are issued at no cost to existing shareholders in proportion to existing shares held are
- A. founders' shares
- B. preference shares
- C. deferred shares
- D. bonus sharesCorrect
Explanation
Bonus shares are given free to existing shareholders in proportion to their current holding, usually from reserves.
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