Problems in Private Finance

Cover Problems in Private Finance
Problems in Private Finance
Charles W Charles William Gerstenberg
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Faith Jones transfers her stock to you by assignment endorsed on the certificate. The company refuses to make the transfer unless the signature of the transferor is accompanied by a stock exchange member's guarantee or a notarial certificate. Is the demand justi- fied? (See pp. 174-175, paragraph vi. ) 10. (1) Company M is formed for $500, 000. (2) $50, 000 of its stock, par value, is sold and issued to each of the following persons : A, B, C, D and E, 10 per cent paid. (3) Company calls 10 per... cent. All calls are responded to. (4) Company sells $25, 000 of its stock to F for patent. (5) Company issues another call for 10 per cent. A does not respond and his stock is forfeited. (6) F donates $10, 000 of his stock to the company. (7) Company sells $25, 000 to G at 105. (8) Company sells all its remaining stock (both unissued and treasury stock) to H without subjecting H to any future liability on it, at the lowest price possible. Fill in the following table step by step : 12345678 Authorized Unissued Issued Outstanding Treasury Part paid Full paid Forfeited (See pp.

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