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3 cards from this section. Quick, good the night before a test.
Define a Joint Stock Company.
Think about what legal structure allows for multiple owners.
What are equity shares?
Recall the term 'equity' in terms of ownership.
What defines a Joint Stock Company?
Think about what distinguishes companies from informal groups.
True or False: Preference shares have a fixed dividend.
Consider the implications of different classes of shares.
A company wants to issue equity shares of face value ₹10 at a premium of ₹2. If the company issues 5,000 shares, what will be the total amount raised?
Remember how to calculate total funds raised.
If a company issues ₹1,50,000 debentures at a discount of 10%, what amount will be received from the issue?
Think about how discounts impact the cash received.
5 more questions in this section. Enroll free to practise them all.
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