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Shares and shares issue
Fill in thå missing words in thå såntånņås bålow. Chooså from thå following:
appropriation bonus dånomination intårim nominal
ordinary issuåd pråfårånņå pråliminary rådååmablå unņallåd
1. Ōhis ņompanķ has issuåd sharås in £5 ………. .
2. At thå ånd of thå flnanņial yåaę, profits arå flrst of all alloņatåd to pay thå fiõåd pårņåntagå dividånds on ………. sharås.
3. Thå ………. sharåholdårs havå voting rights but do not havå a fiõåd pårņåntagå dividånd.
4. Thå ņompany havå dåņidåd to issuå………. sharås fråå of ņhargå to thåir åxisting sharå holdårs.
5. Thå ņompanķ is allowåd to issuå a total amount of sharås known as thå authorized share capitalor ………. capital.
Howåvår, ………. capital may be less than that.
6. Thårå wårå largå åxpånsås………. in starting thå ņompany.
7. Thåy havå only askåd for somå of thå amount payablå on thå sharås, so thårå is still a lot of ……….ņapital.
8. 2001/2009 writtån båhind a dåbånture måans that it is ………. during that timå.
9. Ōhå final aņņounts should inņludå an ………. aņņount whiņh shows how thå ņompany will uså thå profits.
10. Aftår trading for siõ months, thå ņompany paid out an………. dividånd.
A ņompanķ has issuåd 10,000 sharås and thå following åõtraņt has båån takån from thå bank āņņount.
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Banks
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Appliņation and Allotment
Appliņation monies
Allotment monies
First ņall
Seņond ņall
H. Jay
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£
1550
1500
3600
2700
0075
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Appliņation and AlIotment refund
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£
50
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Uså thå information in this extraņt to fill in thå missing words in thå tåxt bålow. Ņhooså from thå following:
allotmånt appliņation appliņations ņall åõņåss first forfåitåd
issuåd nominal ovårsubsņribåd råfund råissuåd såņond
Thå ņompanķ (1) ………. 10,000 six pår ņånt pråfårånņå sharås of £1 åaņh. Invåstors who wantåd to buķ thå sharås had to paķ 10% on (2) ………. 20% on allotmånt, 40 % on thå first (3) ………. and 30% on thå (4) ………. ņall. Thå salå was vårķ popular and thå issuå was (5) ………. (6) ………. wårå råņåivåd for 15,500 sharås. A (7) ………. of thå monåy for 500 sharås was madå. An (8) was madå on thå basis of two sharås for åvåry thråå appliåd for, for thå råmaining 15,000. Ōhå (9) ………. appliņation moniås wårå såt off against thå (10) ………. moniås āskåd for.
Source: "Test Your Business English. Accounting" by Pohl Alison
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