General Studies · Share Capital
For which of the following purposes may the share premium account be used?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1To pay administrative expenses of the company
- 2To issue bonus shares to existing members✓
- 3To pay dividends to preference shareholders only
- 4To pay dividends on all classes of shares
Correct answer
To issue bonus shares to existing members
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