c$)$ formation contributions in cash, in property corporeal or incorporeal or in the

value of services rendered

d$)$ the shares, shareholders or directors

Redeemable preference shares may not be issued to be redeemed at:

a$)$ par.

b$)$ book value.

c$)$ a premium.

d$)$ a discount.

When a company is floated, a number of other expenses, in addition to

the costs of making an issue of shares, arise. These preliminary expenses

would include the following:

a$)$ fees paid to engineers and surveyors and other professional experts

for their reports that are to appear in the prospectus

b$)$ the payment of the annual duty on incorporation

c$)$ the cost of printing, distributing and advertising the prospectus and

printing the share certificates

d$)$ All of the above.

A credit agreement is subject to the requirements of Act $73$ in regard to disclosure of

what is termed the principle debt. This is made up of one of the following:

$($a$)$ The cost price of the goods $($less the agreed value of goods traded in$)$

$($b$)$ All other charges

$($c$)$ Less the amount of the financial charges.

$($d$)$ None of the above

Statutory payments in a Closed Corporation do not include the following:

$($a$)$ The repayment of a contribution to a member;

$($b$)$ The repayment of a portion of a member's contribution to a member

$($c$)$ Any payment to a member who is a creditor of the $CC$ in the normal course of

business

$($d$)$ The purchase of a member's interest by the $CC$ of which she is a member

Company financial statements do not consist of which of the following:

$($a$)$ Directors' report

$($b$)$ Auditors' report

$($c$)$ Earnings

$($d$)$ Income statement