If a company has created a forfeited shares reserve,this means that:
A) The company is not a member of the Australian Stock Exchange and its constitution does not require it to refund amounts already paid by defaulting investors.
B) The company is expecting that the amounts unpaid will be collected in the next period.
C) The company is a member of the Australian Stock Exchange and is required to refund amounts already paid by defaulting investors.
D) The company is holding the amounts already paid by defaulting investors in trust in order to repay them on the request of the investor.
Correct Answer:
Verified
Q41: When a rights issue is tradeable it
Q42: An effect of a bonus issue to
Q43: A statement of changes in equity includes:
A)
Q44: The total market capitalisation of a company
Q45: The 'participating' in participating preference shares means
Q47: Motion Ltd issued $5 million in redeemable
Q48: Giggles Ltd has 2 million shares
Q49: Share splits are conducted because it is
Q50: A statement of changes in equity:
A) is
Q51: When a share split occurs:
A) Current shareholders
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents