Slater Ltd's Share Capital Comprises 100 000 Fully Paid Share

question 13

Multiple Choice

Slater Ltd's share capital comprises 100 000 fully paid share with an issue price of $5.00 per share.
-On 30 April 20X9 the directors of Slater Ltd decided to consolidate the company's shares.How many shares will Slater Ltd have on issue if those shares are fully paid to $10.00 after the consolidation?

• A)1 000 000
• B)100 000
• C)500 000
• D)50 000

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