Types of capital - SS2 Commerce Past Questions and Answers - page 1
What does authorized capital represent?
The maximum amount of capital a company can issue
The portion of issued capital that shareholders have paid
The residual value of a company's assets
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Which type of capital represents the actual value of shares issued to shareholders?
Authorized capital
Issued capital
Called-up capital
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What is called-up capital?
The maximum amount of capital a company can issue
The portion of issued capital that shareholders have paid
The portion of issued capital that shareholders have paid
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What does capital owned (shareholders' equity) represent?
The maximum amount of capital a company can issue
The portion of issued capital that shareholders have paid
The net value of a company's assets belonging to shareholders
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Define authorized capital in simple terms.
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What does capital owned (shareholders' equity) include?
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