Which of These Accounts Used to Record the Issue of Shares

question 20

Multiple Choice

Which of these accounts used to record the issue of shares is a permanent account?

• A) Application
• B) Allotment
• C) Call
• D) Share capital

Recognize characteristics of a well-defined report problem.

Determine the types of reports based on their purpose and content.

Evaluate the reliability of different question types for gathering information.

Understand formal and informal reporting formats and their appropriate contexts.

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Definitions:

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization, a measure of a company's operating performance.

Interest Charges

Costs incurred by borrowers for the use of borrowed money, typically expressed as an annual percentage rate.

Long-Term Debt

A financial obligation that is due for repayment in more than one year's time.

ROE

Return on Equity (ROE) is a measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.