Flag question The difference between subscribed capital and called-up capital is: O a. calls-in-advance O b. calls-in-arrears O paid-up capital O d. uncalled capital Question 14 Not yet answered Marked out of 2.00 P Flag question When Issue shares at a Premium, the premium account is recorded in: O . Debit account Ob. None O credit account O d. There is no premium account Question 15 Not yet answered Marked out of 2.00 P Flag 24 Preference shares cannot be redeemed unless they are O a. issued at a premium Ob. Fully called up O issued at par O d. fully paid up At times, transfer to capital redemption reserves can be made from O a general reserve O b. capital reserve O c. None O d. Profit and loss A/C Question 17 Not yet answered Marked out of 2.00 yo Flag question Question 17 Not yet answered Marked out of 2.00 P Flag question Premium on redemption of preference shares shall be met out of O a. capital reserve I Ob. Profit and Loss Account . securities premium A/C d. Capital Redemption Reserve Question 18 Not yet answered Marked out of 2.00 p Flag question Proceeds in connection with issue of shares at a premium would mean : O a. face value of shares issued less expenses on issue of shares O b. None O Cface value of shares issued plus premium on issue of such shares O d. A face value of shares issued Not yet answered Marked out of 2.00 P Flag question Redeemable preference shares to be redeemed are $300,000: premium payable on redemption is balance sheet is $20,000. Revenue reserve in balance sheet is $130,000. 1. Determine minimum fresh issue of shares when the fresh issue is at par O a. $165,000 O b. None OC. $465,000 O d. $2.100 in question Question 20 Not yet answered Marked out of 2.00 P Flag question 2. Determine minimum fresh issue of shares when the fresh issue is at premium %10 with premi O a. 165,000 O b. None O C. $15,000 O d. $150,000 Question 21 Not yet answered Marked out of 2.00 p Flag question Question 21 Not yet answered Marked out of 2.00 p Flag question 3. Determine minimum fresh issue of shares when the fresh issue is at discount %10 with O a. $165,000 O b. $18,333 o $183,333 O d. None One of the prescribed methods for redemption is to use the proceeds of a fresh issue of shares Select one: True O False Question 23 Not yet answered Marked out of 2.00 P Flag question Redeemable preference shares can be redeemed out of capital reserve. Select one: O True O False Question 24 Not yet answered Marked out of 2.00 p Flag