If a Company Has Created a Forfeited Shares Reserve,this Means

question 81

Multiple Choice

If a company has created a forfeited shares reserve,this means that:

• A) The company is not a member of the Australian Stock Exchange and its constitution does not require it to refund amounts already paid by defaulting investors.
• B) The company is expecting that the amounts unpaid will be collected in the next period.
• C) The company is a member of the Australian Stock Exchange and is required to refund amounts already paid by defaulting investors.
• D) The company is holding the amounts already paid by defaulting investors in trust in order to repay them on the request of the investor.

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Definitions:

Median

The middle value or point in a data set, where half the data lies above and half below it.

Empirical Rules

Statistical rules that allow for the determination of probability within a normal distribution, stating percentages of data that lie within certain standard deviations from the mean.

Standard Deviations

Measures of how spread out the numbers in a dataset are, indicating the degree of variation from the mean.

Observations

Individual data points or measurements collected during an experiment or survey.