The Act of a Corporation to Call in Its Shares

question 41

Multiple Choice

The act of a corporation to call in its shares and issue one new share in the place of more than one share previously outstanding is a

• A)Share dividend
• B)Reverse share split
• C)Liquidating dividend
• D)Share split
• E)Cash dividend

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Definitions:

Transfer

The act of moving or conveying property, rights, or interest from one entity or person to another.

Signing

Signing refers to the act of writing one's name, initials, or mark on a document as a form of acknowledgement, consent, or agreement.

Sodium Chloride

A chemical compound known as table salt, consisting of sodium and chloride ions, essential for various bodily functions including nerve transmission and muscle function.

Water Loss

The process by which water exits the body, through means such as sweating, breathing, and urination.