Under Current Accounting Standards Share Issue Expenses Must Be Treated

question 8

Multiple Choice

Under current accounting standards share issue expenses must be treated as a(n) :

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

---

Definitions:

Conciliation Service

An intermediary service that facilitates negotiation between conflicting parties to reach an agreement, often used in labor disputes.

National Labor Relations Board

A US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Union Contract

A legally binding agreement between a labor union and an employer, detailing the terms of employment, wages, and workplace conditions.