The Result of Share Splits and Share Consolidations on Share

question 22

Multiple Choice

The result of share splits and share consolidations on share capital is:

• A)the total amounts of paid-up share capital and uncalled share capital (if any) are unchanged.However the number of shares is changed and the amount (if any) uncalled on each share changes.
• B)the ratio of amount paid-up to the amount uncalled on the shares is unchanged but the number of shares changes.
• C)the total paid-up share capital increases in the case of a share split and decreases in the case of a share consolidation.
• D)the amount paid-up per share and the amount uncalled per share change in proportion, but the equivalent issue price per share does not.

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Definitions:

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