篩選結(jié)果 共找出680題

Which of the following statements is true concerning the payment of dividends by a public company??

A

?A public company may make a distribution as long as its net assets are not less than its share capital?

B

?A public company may make a distribution as long as its net assets are not less than its?undistributable reserves?

C

?A public company may make a distribution as long as its net assets are not less than its share capital?less its undistributable reserves?

D

?A public company may make a distribution as long as its net assets are not less than its share capital?plus its undistributable reserves?

Which TWO of the following statements concerning liability for the payment of unlawful dividends is?correct??

(1) Directors are liable if they declare a dividend that they know to be paid out of capital??

(2) Members who did not know the payment was unlawful are not liable?

?(3) Directors face criminal liability if they declare unlawful dividends?

(4) Directors who honestly rely on proper accounts when deciding whether to pay a dividend are still?liable if it turns out to be unlawful?

A

?1 and 2?

B

?1 and 4?

C

?2 and 3?

D

?3 and 4?

Give four examples of undistributable reserves.?

材料全屏

Reginald owns 100 shares of Linsey Ltd. Each share has a nominal value of ￡2.50 and Reginald paid ￡1.00 per share on issue.

Linsey Ltd also issued some debentures which are secured as follows. A fixed charge over a property in favour of Margaret on 1 May 20X7. It then created a floating charge in favour of Chris over the same property on 13 May 20X7. The company has Chris's charge registered on 25 May 20X7, and Margaret's charge on 29 May 20X7.

20

【論述題】

State the extent of Reginald's liability in the event of Linsey Ltd's liquidation.

Explain the priority of the charges issued to Margaret and Chris.

材料全屏

Flop Ltd was in financial difficulties. In January, in order to raise capital, it issued 10,000 ￡1 shares to Gus,?but only asked him to pay 75p per share at the time of issue. The directors of Flop Ltd intended asking Gus?for the other 25p per share at a later date. However, in June it realised that it needed even more than the?￡2,500 it could raise from Gus' existing shareholding. So in order to persuade Gus to provide the needed?money Flop Ltd told him that if he bought a further 10,000 shares he would only have to pay a total of 50p?for each ￡1 share, and it would write off the money owed on the original share purchase.?

Gus agreed to this, but the injection of cash did not save Flop Ltd and in December it went into insolvent?liquidation, owing a considerable amount of money.?

22

【論述題】

?Explain the general rule concerning the issuing of shares at a discount to their nominal value?

Explain the extent of Gus's liability on the 10,000 ￡1 shares that he paid 75p each for

?Explain the extent of Gus's liability on the further 10,000 ￡1 shares that he paid 50p each for?

材料全屏

Milly Ltd has recently entered into the following arrangements with its creditors.?(1) A single debenture of ￡15,000 from B Bank that is secured by a charge over Milly Ltd's trade?receivables. Milly Ltd may deal with the trade receivables as it wishes. The charge documentation?describes the charge as a fixed charge.?(2) A single debenture of ￡20,000 from Peppa Ltd secured on Milly Ltd's inventory. A floating charge?was created on 3 March 20X1 and registered on 31 March 20X1.?(3) A single debenture of ￡5,000 from Otto Ltd that is also secured on Milly Ltd's inventory. A floating?charge was created on 10 April 20X1 and registered on 30 April 20X1.?

25

【論述題】

?State whether Milly Ltd is required to keep a register of debenture holders in respect of?the three debentures?

?Identify the type of charge that was created over Milly Ltd's trade receivables?