Where will disclosures be given related to share capital of the company?
Answer & explanation
Correct answer: option 3
Disclosures relating to share capital are to be given in notes to accounts.
The following additions/modifications are significant:
a) For each class of shares, recognition of the number of shares outstanding at the beginning and at the end of the reporting period is required.
b) The rights, preferences and restrictions attached to each class of shares including restrictions on the distribution of dividends and repayment of capital.