Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is NOT a valid source of capital for cooperatives registered under this Code?
What is NOT a valid source of capital for cooperatives registered under this Code?
- Revolving capital from deferred payment of patronage refunds
- Member's share capital
- Loans and borrowings including deposits
- Profits from investments in non-cooperative businesses (correct)
What is the maximum par value of share capital allowed for cooperatives under this Code?
What is the maximum par value of share capital allowed for cooperatives under this Code?
- ₱1,000 (correct)
- The text does not specify a maximum par value
- ₱5,000
- ₱500
Which of the following statements about share capital is TRUE according to the text?
Which of the following statements about share capital is TRUE according to the text?
- Share capital can be divided into individual share capital holdings at any time
- Share capital can be used to offset past due or current due obligations
- Share capital is considered as equity and cannot be withdrawn while membership subsists (correct)
- Share capital can be withdrawn by members while their membership subsists
What happens to donated capital upon dissolution of the cooperative?
What happens to donated capital upon dissolution of the cooperative?
Signup and view all the answers
Which of the following statements about common share capital is TRUE according to the text?
Which of the following statements about common share capital is TRUE according to the text?
Signup and view all the answers
What is the purpose of revolving capital?
What is the purpose of revolving capital?
Signup and view all the answers
