Accounting Practice Question
QUESTION 1 (25 Marks)
On 30 June 2013 the equity accounts of Wind Ltd consisted of:
70 000 5% preference shares issued at $2.50, called to $2.00
120 000 ordinary shares issued at $2.00, fully paid
Calls in ar
COMPANY LAW 266
EXAM REVISION - PRACTICE QUESTIONS
2014 SEMESTER 1
Directors do not have to follow decisions made by members in general meeting. Discuss.
Noodles Ltd operates a wholemeal noodle outlet. The company has three directors
.Select the answer that best describes the meaning and effect of the corporate veil:
a. It is designed to make it impossible for anyone to find out who is in control of a company.
b. It allows directors and officers to escape their legal obligations or to
The case of Lee v Lees Air Farming Ltd (1961) illustrates that:
a. A company is a separate person from its founder(s) and director(s).
b. A company can contract with its founder(s) and director(s).
c. Both of the above are correct.
d. Only publ
FOOT NOTE AGLC - SUMMARY
Type of Citation
Example of reported case citation
Example of legislation citation
Example of journal article citation
Example of book citation
Internet materials (including lectur
A companys constitution can adopt an objects clause. An objects clause specifies the
activities that a company can undertake. The Corporations Act 2001 (Cth) only requires
mining companies that are no liability companies to h
COMPANY LAW 266
REVISION 2014-Trimester 2A
Final exam Guide
How to write answers
FINAL EXAM GUIDE
Exam has 3 compulsory questions.
Two questions are worth 20 marks each and
one question is worth 10 mark