True or False

31) The statement of financial position is also known as the profit and loss statement. 32) Providers of debt capital form part of the owners of a company. 33) The right to receive payments at agreed dates is a typical feature of debt. 34) A charge over specific property of the company which restricts the disposal of that property except with the consent of the lender is referred to as a floating charge. 35) The term "securities" covers shares, debt and accounts receivable. 36) The administration of the Corporations Act is the responsibility of the ASX. 37) A bonus issue represents to right to buy a certain number of shares in the company at some fixed time in the future. 38) An under subscription is the situation that occurs when there are applications for more shares than are available for purchase 39) 40) Limited liability refers to the liability of each member of a company with share capital to contribute up to the amount, if any, unpaid on the shares if called upon to do so. 41) When a company receives cash on application, it decreases the application account's credit balance 43) Debt capital is a term used for long-term debt (borrowing) incurred by the company 4) Under the Corporations Act 2001, proprietary companies can be classified aseither public or private 45) The acronym ASX stands for the Association of Safety Examiners