When Accounting for the Issue of Shares Placing Application Monies

question 40

Multiple Choice

When accounting for the issue of shares placing application monies in a separate Cash Trust account is required:

• A)to meet the obligation by the company to remit the funds to ASIC.
• B)before the share issue is finalised the money does not belong to the company and some or all of it may need to be refunded
• C)because the bank requires it
• D)it is administratively easier for the company if the money is placed in a separate account

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Definitions:

Transactive Goals

Objectives that are accomplished through interactions and exchanges between individuals or groups, emphasizing mutual benefit.

Conflict Episodes

Are specific instances or occurrences of conflict within a larger sequence of interactions or relationship dynamics.

Clarifying Goals

The process of making objectives clear and understandable, ensuring all parties are on the same page.

Advantages

Benefits or favorable factors that contribute to success or effectiveness.