Which of the following statements are correct?
1   A company’s authorised share capital must be included in its published balance sheet as part of      shareholders’
funds.
2   If a company makes a bonus issue of ordinary shares, the total shareholders’ interest (share capital plus reserves)
remains unchanged.
3   A company’s statement of changes in equity must include the proceeds of any share issue during the period.
4  A company must disclose its significant accounting policies by note to its financial statements.
A   1 and 2 only
B   1 and 3 only
C   3 and 4 only
D   2, 3 and 4

D