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When an entity issues shares, until such time as the shares are allotted, the amount received must be held in trust. It remains in trust
When an entity issues shares, until such time as the shares are allotted, the amount received must be held in trust. It remains in trust (refer s. 722 of the Corporations Act) until:
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Financial Accounting Australia And New Zealand Edition
Authors: Jerry J. Weygandt
11th Edition
1119668654, 978-1119668657
