Not enough information to determine maximum bonus shares Steps:

• Identify eligible reserves for bonus issue: typically share premium, general reserve, and retained earnings (revaluation reserve excluded as unrealized).
• Sum eligible reserves: 60,000 + 10,000 + 215,000 = 285,000.
• Maximum bonus shares = capitalizable amount / nominal value per share = 285,000 / 1 = 285,000 shares.
• Existing paid-up capital and authorized capital not provided, creating ambiguity on legal limits (e.g., ratio restrictions in some jurisdictions).

Why B is correct:

• Not applicable; no option matches calculated 285,000, and B (91,500) lacks supporting calculation from given data.

Why the others are wrong:

• A: 315,000 exceeds eligible reserves (ignores revaluation exclusion).
• C: 135,000 only sums share premium + revaluation (omits usable general/retained).
• D: 165,000 arbitrary (e.g., retained + general - share premium, but no basis).

Final answer: Not enough information.