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<p style="text-align:justify;"><strong><span>(a) Equity Share Capital,</span></strong></p> <p style="text-align:justify;"><strong><span>(b) Preference Share Capital,</span></strong></p> <p style="text-align:justify;"><strong><span>(c) Debentures,</span></strong></p> <p style="text-align:justify;"><strong><span>(d) Retained earnings</span></strong></p>
D
Answer D.
Implicit cost is the opportunity cost forgone by the shareholders in the form of dividend.
Regards,
Joshi Mathew
CIA
It is the retained earning.
Implicit cost or implied cost here in this case represents:
the opportunity cost of dividends foregone by the shareholders.
d) Retained earnings
B
ANSWER IS ( D )
(b) Preference Share Capital,
