The Act of a Corporation to Call in Its Shares

question 49

Multiple Choice

The act of a corporation to call in its shares and issue one new share in the place of more than one share previously outstanding is a:

• A) Liquidating dividend.
• B) Share dividend.
• C) Share split.
• D) Reverse share split.
• E) Cash dividend.

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Definitions:

Uplift

A process that causes regions of the Earth's surface to rise due to structural changes in the Earth's crust or mantle.

Continental Crust

The thick, buoyant part of the Earth's crust that forms the continents, contrasted with the denser oceanic crust.

Thickness

The measurement from one surface of an object or material to the opposite surface.

Intrusions

Masses of igneous rock that have forcibly inserted themselves into preexisting rock formations.