(a) A company's issued share capital is the type, class, number and amount of shares actually held by its shareholders. Therefore it is the term related to the number of shares held by shareholders.
(b) Paid-up share capital is the amount of a company's issued share capital that it has actually received payment for from the shareholders. It is therefore the term related to the amount of money received by the company from shareholders for their shares.
(c) The Companies Act states that for a public limited company, the issued share capital must be at least £50,000 of which at least one quarter plus the full amount of any share premium must be paid up.
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