Which of the Following Statements Concerning Shares Is Incorrect

Multiple Choice

Which of the following statements concerning shares is incorrect?

A) Shares can sometimes be bought back by the company from its shareholders.
B) Directors may decide to issue ordinary shares, preference shares or both.
C) The directors can issue shares at any price, the limiting factor is what the market will pay.
D) Under changes to the Corporations Act all shares must be paid in full upon application.