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4 votes
Shares can be wholly paid for in kind.
(a)
True
(b)
False

User ThePaye
by
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1 Answer

4 votes

Answer: (a) True

Step-by-step explanation:

Shares can be wholly paid for in kind, meaning that they can be paid for using non-cash assets, such as property, equipment, or services. This is often done when a company issues shares to acquire another company or in exchange for assets or services provided by a shareholder. The value of the non-cash contribution is assessed, and the shares are issued based on that value.

User Martijn Ten Hoor
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