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NEW QUESTION: 1
ABC Ltd has resolved to purchase the business of ST Ltd for £500,000. ABC Ltd is to pay ST Ltd for the business by issuing ordinary £1 shares rather than cash. As the market value of ABC Ltd's shares is £5 per share, ABC Ltd is to issue to ST Ltd 100,000 ordinary £1 shares. Which of the following is incorrect?
A. The issue is lawful as ABC Ltd may issue its shares for a non-cash consideration.
B. The issue is lawful because ABC Ltd does not need to first offer the new shares to its existing members.
C. The issue is only lawful if ABC Ltd arranges to have the business valued by the company's auditor.
D. The issue is only lawful if the directors have the necessary authority to issue the shares.
Answer: C
NEW QUESTION: 2
For each of the given items, select the appropriate authentication category from the drop down choices.
Select the appropriate authentication type for the following items:
Answer:
Explanation:
Explanation
NEW QUESTION: 3
In order to measure success of a web campaign, you capture ___________________.
A. total impressions
B. total number of visitors
C. total page visits
D. total number of products
Answer: C
NEW QUESTION: 4
Section A (1 Mark)
A(n) _________________________ occurs when two banks agree to exchange a portion or all of the loan repayments of their customers.
A. standby letter of credit
B. credit option
C. credit swap
D. credit linked note
Answer: C
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