Share issue costs such as professional adviser's fees and brokerage fees must be reported as an expense in the income statement.

Name: Share issue costs such as professional adviser's fees and brokerage fees must be reported as an expense in the income statement.
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Question

Quizplus · Accepted Answer

Share issue costs are directly deducted from the proceeds of the share issue and are reported in the equity section of the balance sheet, not as an expense in the income statement.

Share Issue Costs Such as Professional Adviser's Fees and Brokerage