Reference no: EM132623884
Problem 1: A forfeited shares account is:
Option 1: an income account
Option 2: an expense account
Option 3: a liability account
Option 4: an asset account
Problem 2: According to paragraph 79 of AASB 101, an entity shall disclose the following, either in the statement of financial position or the statement of changes in equity, or in the notes for each class of share capital, except for:
Option 1: the number of shares authorised
Option 2: the number of shares issued and fully paid, and issued but not fully paid
Option 3: par value per share, or that the shares have no par value
Option 4: shares in the entity held by the entity or its competitors
Problem 3: A share option will give the holder the right to acquire shares at a particular price in the ___________.
Option 1: present
Option 2: future
Option 3: past
Option 4: None of the given answers are correct.