The gearing of a JK plc has reduced from 45% in 2020 to 37% in 2021. Answer TRUE or FALSE to indicate which of the following is/are VALID reasons for the decrease? (iii) JK have changed their...

The gearing of a JK plc has reduced from 45% in 2020 to 37% in 2021.
Answer TRUE or FALSE to indicate which of the following is/are VALID reasons for the
decrease?


(iii) JK have changed their accounting policy with regard to property. They are now using the
revaluation model instead of the cost model


(iv) JK made a bonus issue during the year