Holder of ordinary shares do not have the right to
participate in additional issue of shares
vote at annual general meetings
elect the board of directors
receive dividends at a predetermined rate
Correct answer is D
No explanation has been provided for this answer.
The double entry in the books to write off goodwill is
debit Goodwill account, credit capital account
debit Goodwill account, credit revaluation account
debit profit and loss appropriation account, credit Goodwill account
debit Trading account, credit Goodwill account
Correct answer is C
No explanation has been provided for this answer.
The maximum amount which a company is allowed to raise through the sale of shares is
Authorized capital
Paid-up capital
Issued capital
Working capital
Correct answer is A
No explanation has been provided for this answer.
Le 450,000
Le 150,000
Le 50,000
Le 48,000
Correct answer is C
No explanation has been provided for this answer.
The correct sequence in data processing is
input → process → output
input → output → process
process → input → output
process → output → input
Correct answer is A
No explanation has been provided for this answer.