Multiple Choice
A new company set up by existing companies with five year track record can issue share at premium provided:
A) Participation of existing companies are not less than 50%
B) Prospectus contains justification for issue price
C) The issue price is made applicable to all new investors uniformly
D) All the above
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Provision for depreciation account appears on the
Q22: Shares having preferential right as to dividend
Q23: A share of a public company is:<br>A)Non-refundable<br>B)Non-transferable<br>C)Transferable<br>D)Not
Q24: A reserve created for redemption of debentures
Q25: Provision for Depreciation is<br>A)An appropriation of profit<br>B)A
Q27: Debenture is a part of:<br>A)Owner's capital<br>B)Loan capital<br>C)Reserves
Q28: Which of the following is true about
Q29: The balance sheet of the debentures sinking
Q30: The value of asset can be reduced
Q31: Which of the following statement is false?<br>A)A