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The Share Capital of Waugh Ltd 10 000 000 Ordinary

Question 17

Multiple Choice

The share capital of Waugh Ltd 10 000 000 ordinary shares that had an issue price of $4.00 per share and they are currently paid to $1.00.
-On 30 June 20X1 the directors of Waugh Ltd decided that the ordinary shares will be split into 20 000 000 ordinary shares.After the split the new shares will be paid-up to:


A) $0.50
B) $2.00
C) $4.00
D) $8.00

Correct Answer:

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