Which Account Represents Excess Proceeds Received and Retained by a Company

question 13

Multiple Choice

Which account represents excess proceeds received and retained by a company from an oversubscription to a share offer application?

• A) Calls in advance account.
• B) Share issue costs account.
• C) Forfeited shares account.
• D) Share capital account.

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Definitions:

Sensory Interaction

The process by which multiple sensory systems combine to influence perception and behavior.

Psychokinesis

The supposed ability to move or manipulate objects with the mind without physical interaction.

Dissociation

A psychological process where a person disconnects from their thoughts, feelings, memories or sense of identity.

Phantom Limb Sensations

The phenomenon where individuals experience sensations, often painful, in a limb that has been amputated.