Accounting for Share Capital Quiz
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Questions and Answers

What happens when shares are forfeited?

  • They are reissued at a discount
  • They are transferred to the company's reserve
  • They are sold to new shareholders
  • They are canceled and no longer exist (correct)

    • How does a call in advance impact shareholders?

  • It increases the liability of shareholders to pay for shares
  • It requires shareholders to pay for shares before the due date (correct)
  • It reduces the value of shares held by shareholders
  • It has no impact on shareholders

    • Which of the following events does not affect share capital?

  • Reissue of shares
  • Call in arrear (correct)
  • Call in advance
  • Forfeiture of shares

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