Bus Law ACC201 Final Exam Notes PDF
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Uploaded by SuitableConsonance6779
American School Hong Kong
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Summary
These notes contain practice questions on calculating share capital, paid-up capital, called-up capital, and uncalled capital for a company. The questions focus on corporate finance and accounting concepts.
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MultiSoft authorized share capital of £2 million. Since then, it has allotted and issued 1.2 million shares, all with a nominal value of £1.50. The terms of all allotments to date have provided that shares can be partly paid for with a minimum of 90 pence payable at allotment and the remainder due...
MultiSoft authorized share capital of £2 million. Since then, it has allotted and issued 1.2 million shares, all with a nominal value of £1.50. The terms of all allotments to date have provided that shares can be partly paid for with a minimum of 90 pence payable at allotment and the remainder due when called for. Of the 1.2 million shares, 500,000 have 90 pence paid up, 400,000 have £1.20 paid up, and the remainder fully paid up. The company now calls for an additional 10 pence per share on all unpaid shares (not yet paid). Calculate Multisoft’s: 1. issued share capital 2. paid-up capital 3. called-up capital 4. uncalled capital.
