In respect to the issue of shares by companies, which of the following statements is incorrect?
A) Companies can convert ordinary shares into preference shares.
B) Companies can only issue ordinary shares.
C) Companies can issue any specified number of shares at any price.
D) Companies can issue both ordinary and preference shares.

Question

Quizplus · Accepted Answer

The statement "Companies can only issue ordinary shares" is incorrect. Companies can issue both ordinary and preference shares.

In Respect to the Issue of Shares by Companies, Which