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

question 14

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.
• E) None of the given answers.

---

Definitions:

Meiosis

A specialized type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores.

Sexually Reproducing Organisms

Organisms that reproduce by combining genetic material from two different sexes or mating types.

Haploid Gametes

Haploid gametes are reproductive cells, such as sperm and eggs, that contain only one set of chromosomes, half the number present in other cells.

Chromosome Number

The total count of chromosomes present in the cell of an organism, specific to each species.