Multiple Choice
Which of the following statements about a private company is correct?
A) It is permitted to raise funds from the public.
B) The company name must include 'Proprietary' or 'Pty'.
C) There is no restriction for the maximum number of shareholders.
D) The company's shareholders can only be family members.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Buster and Foster each own 30 000
Q15: If total liabilities are $135 000, total
Q16: The board of directors has which of
Q17: Which of the following statements concerning preference
Q18: Which of the following financial statements is
Q20: The rules for governing the internal affairs
Q21: Which type of company has the right
Q22: The basic journal entry to create a
Q23: The basic entry to provide for company
Q24: Final dividend payable is classified as what