64
Which of the following is true about cumulative preference shares?
- A. Any unpaid dividend is carried forward
- B. The shareholders can obtain a capital refund
- C. They are entitled to further share in profit
- D. Any unpaid dividend is forfeited
- E. The dividend declared is accumulated in a reserve account
65
Called-up capital is the amount?
- A. paid on allotment
- B. paid ontirstcall
- C. paid on appilication
- D. demanded on shares issued
- E. . paid-up on all shares
66
Which of the following enables production to take place ahead of demand?
- A. Transporting
- B. Advertising
- C. Importing
- D. warehousing
- E. Exporting
67
Which of the following must be include in the Articles of Association?
- A. Voting rights of the shareholders
- B. The objects of the business
- C. The address of the registered office
- D. Statement that liability is limited
- E. List of types of shares
68
Which of the following must be include in the Articles of Association?
- A. Voting rights of the shareholders
- B. The objects of the business
- C. The address of the registered office
- D. Statement that liability is limited
- E. List of types of shares
69
When a company sells shares to existing shareholders at preferential rate, that is called?
- A. Rights issue
- B. Bonus issue
- C. Private placing
- D. Sale by auction
- E. lssue by prospectus