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. 200 000 shares paid to $2.50
II. 2 000 000 shares paid to $1.00
III. 10 000 000 shares paid to $0.05
IV. 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:
Verified
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