Answered: That portion of the share capital which…

That portion of the share capital which cannot be called - up except on the winding up is known as A) Called - up Capital B) Paid - up Capital C) Authorised Capital D) Reserve Capital

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 7GI

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Question

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That portion of the share capital which cannot be called - up except on the winding up is known as

A) Called - up Capital

B) Paid - up Capital

C) Authorised Capital

D) Reserve Capital

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