Mutliple Choice Question:

The following multiple-choice questions are provided to you: 2.1 The authorised share capital is: a) The total amount paid up by shareholders. b) The total amount of shares issued to shareholders. c) The maximum amount mentioned in the memorandum of association. d) The same as the ordinary share capital.

2.2 The issued share capital of a company is: a) The total amount paid up by shareholders. b) Always the same as the authorised capital. c) The total amount of shares issued to ordinary shareholders. d) The total amount of shares issued to shareholders.

2.3 Capitalisation shares represent: a) Shares issued to new shareholders at a payment. b) Shares issued to existing shareholders at no payment. c) Shares issued to new shareholders at no payment. d) Shares issued to existing shareholders at a payment.

2.4 Shares issued during a rights issue represent: a) Shares issued to new shareholders at a payment. b) Shares issued to existing shareholders at no payment. c) Shares issued to new shareholders at no payment. d) Shares issued to existing shareholders at a payment.

1.1 A complete set of financial statements consists of: A statement of financial position as at the end of the period; A statement of comprehensive income for the period; A statement of changes in equity for the period and; A statement of cash flow for the period.