Under which of these conditions can a company i... - JAMB Accounting 1998 Question
Under which of these conditions can a company issue shares at discount? (i)A resolution must be passed at a general meeting (ii) The amount of discount must be stated in the resolution (iii) The share must have existed for at least six years (iv) On the order of a court.
A
i, ii and iii only
B
i, ii and iv only
C
i, iii, and iv only
D
ii, iii and iv only
correct option: a
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