Which of the Following Is ?Not a Required Disclosure to Be

question 21

Multiple Choice

Which of the following is ?not a required disclosure to be made in relation to each class of share capital?

• A) Number of shares authorised;
• B) Number of shares issued and fully paid and issued but not fully paid;
• C) Par value per share or that the shares have no par value;
• D) The rights, preferences and restrictions including restrictions of dividends and repayment of capital;
• E) None of the given answers.

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Definitions:

Sunk Costs

Expenses that have been incurred and cannot be recovered, regardless of future actions.

Competitive Market

A market structure where many buyers and sellers exchange homogeneous products and no single participant has the power to significantly influence the price of the product.

Economic Profits

The difference between the total revenue earned by a business and the total costs (both explicit and implicit) of all inputs used, representing the additional gain over and above the opportunity costs.

Accounting Profits

The difference between total revenue and explicit costs; essentially the bottom line of a company's income statement.