Q57
Bonus share are not permitted unless the ____________ shares, if any, are made fully-paid.
A.
partly paid
AnswerB.
semi paid
C.
fully paid
D.
unpaid
Answer: Option A
Solution
Answer: Option A
Solution:
Bonus share are not permitted unless the partly paid shares, if any, are made fully-paid. Bonus shares are shares distributed by a company to its current shareholders as fully paid shares free of charge.