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QUESTION TWOCalculate Ltd was incorporated on 31 January 2020 with anauthorised share capital as follows:950 000 ordinary shares (Class A)440 000 10% preference shares (Class

QUESTION TWOCalculate Ltd was incorporated on 31 January 2020 with anauthorised share capital as follows:950 000 ordinary shares (Class A)440 000 10% preference shares (Class B)The following info Details A motion was passed by the incorporators to take up the following: 200000 Ordinary shares at R1 each; and \( 4000010 \% \) Preference shares at R10 each. Incorporators paid in all monies due f 1 answer

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