The statement concerning shares that is not true is:
A) Sometimes shares can be bought back by the company from its shareholders
B) The directors can issue shares at any price,the limiting factor is what the market will pay
C) Under changes to the Corporations Act shares can no longer be issued payable in instalments
D) Directors may decide to issue ordinary shares,preference shares or both
Correct Answer:
Verified
Q14: Depending on its constitution and the terms
Q15: Lion Ltd issued 20 000 shares with
Q16: Under current accounting standards share issue expenses
Q17: XYZ Ltd was incorporated on 1 January
Q18: On 1 January 2011 the balance in
Q20: When a company is incorporated ASIC issues
Q21: F_ costs are costs incurred in forming
Q22: The true statement concerning preference shares is:
A)Preference
Q23: Shares which have preferential treatment over ordinary
Q24: Two accounting entries are required for income
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