Question: If a share has been issued for $2 and the shareholder has paid $1.50 then the share is described as: Select one: a. Partly paid,

If a share has been issued for $2 and the shareholder has paid $1.50 then the share is described as: Select one: a. Partly paid, as the shareholder will have to pay a further $0.50 when the company makes a call. b. Fully paid as there is no further amount to be paid by the shareholder. c. A discounted share. d. An instalment share

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!