A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2019 · Q181 Mark
A shareholder sells some shares for less than he paid for them. What happens to the share capital of the company?
Adecreases by the nominal value of the shares sold
Bdecreases by the sales proceeds of the shares sold
Cincreases by the amount received from the sale of the shares
Dremains the same as before
✓ Correct answer
D: remains the same as before
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