Solved

Slater Ltd's Share Capital Comprises 100 000 Fully Paid Share \quad

Question 8

Multiple Choice

Slater Ltd's share capital comprises 100 000 fully paid share with an issue price of $5.00 per share.
-The directors of Boon Ltd decided to split Boon Ltd's shares.Boon Ltd currently has 1 000 000 shares fully paid to $0.50.Which combinations of share splits are possible for Slater Ltd?
I. \quad 200 000 shares paid to $2.50
II. \quad 2 000 000 shares paid to $1.00
III. \quad 10 000 000 shares paid to $0.05
IV. \quad 2 000 000 shares paid to $0.50


A) I only
B) I and IV only
C) III only
D) I, II and III only

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents