Corporate Accounting MCQs
M
Q 71. The minimum amount of capital which must be subscribed by the public before a public company can allot shares is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
M
Q 72. Called up capital minus calls in appear is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
M
Q 73. Preference shares cannot be redeemed unless they are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
M
Q 74. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ have priority over equity as to the receipt of individuals and as to assets in the event of liquidation.
M
Q 75. When shares are forfeited the share capital account is debited by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
M
Q 76. Share can be forfeited for ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.
M
Q 77. Dividend is payable on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the shares.
M
Q 78. Once the share premium account is credited the same, if the premium is not received.
M
Q 79. When shares originally issued at discount are forfeited, the discount in respect of them is to be ‐‐‐‐‐‐‐
M