Accounting · Corporate Accounting
Consider the following statements regarding company accounting: I. Securities premium account cannot be used for the payment of dividend. II. Forfeited shares cannot be re-issued. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is true and Statement II is false✓
- 2Statement I is false and Statement II is true
- 3Both Statement I and Statement II are true
- 4Both Statement I and Statement II are false
Correct answer
Statement I is true and Statement II is false
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