篩選結(jié)果 共找出680題

State which of the floating charges will take priority if Milly Ltd is liquidated?

材料全屏

?Dee and Eff are major shareholders in, and the directors of, Fan Ltd. For the year ended 30 April 20X8 Fan?Ltd's financial statements showed a loss of ￡2,000 for the year and no profits were carried forward. For the?year ended 30 April 20X9 Fan Ltd made a profit of ￡3,000. Also, due to a revaluation, the value of its land?and buildings increased by ￡5,000. As a consequence, Dee and Eff recommended, and the shareholders?approved, the payment of ￡4,000 in dividends.?

28

【論述題】

?Explain the legality of the dividend payment?

?State the extent of Dee and Eff's liability regarding the dividend payment?

材料全屏

?Two years ago Fin inherited some money and decided to invest the money in company shares.?

At that time he heard that Heave Ltd was badly in need of additional capital and that the directors had?decided that the only way to raise the needed money was to offer fully paid up ￡1 shares to new members at?a discount price of 50p per share. Fin thought the offer was too good to miss and he subscribed and paid for?20,000 new shares on this basis. However, Heave Ltd has since gone into insolvent liquidation, owing a?considerable sum of money to its unsecured creditors.?

With the remaining money of his investment Fin subscribed for 10,000 shares in Irk plc. Although they were?nominally ￡1 shares, he was required to pay a premium of ￡1 for each share he subscribed for. The shares?are currently trading at ￡2 per share.?

30

【論述題】

?Explain the extent of Fin's liability for Heave Ltd's debts?

Explain:?

(i) The purpose of a share premium account?

(ii) Whether Fin can reclaim his premium payment from Irk plc?

Distributable profits may be defined as ___________ profits less ___________?losses.?

A private company does not need to apply to the court to reduce its share capital if it supports its?___________ with a? ___________?.?

?Where application is made to the court for confirmation of a reduction in capital, the court may require?that creditors should be invited by advertisement to state their objections. In which of the following ways?can the need to advertise be avoided??

?Select all that apply.?

A

?Paying off all creditors before application to the court?

B

?Producing a document signed by the directors stating the company's ability to pay its debts?

C

?Producing a guarantee from the company's bank that its existing debts will be paid in full?

D

?Renouncement by existing shareholders of their limited liability in relation to existing debts?

Joan holds 100 shares in Box Ltd. The directors of Box Ltd have announced that she will be granted one?share for every five shares that she holds. The shares will be issued fully paid-up.??

What is the name given to such an allotment of shares??

A

?Rights issue?

B

?Bonus issue?

C

?Capital issue?

D

?Special issue?

材料全屏

Riz is considering incorporating a public limited company. He is keen to ensure that the company is funded?correctly, but not excessively, and is aware that the Companies Act includes a number of rules concerning?share capital.?

He has been advised to consider the following terms in connection with share capital and is seeking your?advice.?

(1) Issued share capital?

(2) Paid-up share capital

?(3) Called-up share capital?

(4) Authorised share capital?

26

【論述題】

?Identify which concerns the number of shares held by shareholders?