alleryStart learning →A company announcing a bonus issue also announces which date to fix eligible owners?
ABook closure date
BShare maturity date
CCall due date
DForfeiture date
Answer & Solution
Correct answer: A. Book closure date
A book closure date ensures bonus shares go to holders recorded in the register of members.
Keep practising Company Accounts
Browse all Company Accounts questions for CA Foundation, or explore more Accounting topics.
Related questions
Investors were historically given what as evidence of share ownership?Putable preference shares let the holder, in some conditions, to:On liquidation, a preference share's claim is relative to common stock:Most preference shares carry which voting position?Convertible preference shares can be exchanged by holders for:Non-cumulative preference dividends, if unpaid in a year:Preference shares usually rank for dividend payment:A cumulative preference share means unpaid dividend will: