1) Which of the following accounts is not an equity account?
Ordinary shares
Preferential action
share premium
result not distributed
2) true or false: IFRS accounting standards are mandatory for public companies, i.e. joint stock companies whose shares are listed on the stock exchange.
3) How does an issue of shares for cash (money) affect the accounting equation?
no impact
assets decrease and equity increase
assets and equity increase
assets and equity decline
