Under Current Accounting Standards Share Issue Expenses Must Be Treated

question 4

Multiple Choice

Under current accounting standards share issue expenses must be treated as:

• A)An asset
• B)An expense
• C)A deduction from the proceeds of the share issue
• D)A liability

---

Definitions:

Lymph Capillary

Tiny, thin-walled vessels located in the spaces between cells which serve to drain and transport lymph from tissues to the lymphatic system.

Blood Capillary

The smallest blood vessels in the body, connecting arterioles to venules and facilitating the exchange of water, oxygen, carbon dioxide, and many other nutrient and waste chemical substances between blood and surrounding tissues.

Vena Cava

Large systemic vein that returns blood to the right atrium of the heart in tetrapods; either the superior or inferior vena cava.

Antihistamine

A type of medication that blocks histamine receptors and is used to treat allergic reactions by reducing symptoms like nasal congestion, sneezing, or itching.