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in Accounts by (42.2k points)

State whether you agree or disagree with the following statements.

i. Forfeited shares are reissued at par.

ii. Calls-in-Arrears are also called unpaid calls.

iii. The balance of the Calls-in-Advance account is shown in the Balance Sheet under the head ‘Share Capital’.

iv. Sweat shares can be issued for consideration other than cash.

v. Equity shares are issued to the public through the prospectus.

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1 Answer

+1 vote
by (45.5k points)

i. Disagree

ii. Agree

iii. Agree

iv. Agree

v. Agree

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