| Q.33 | Which of the following statements is NOT true? | |
| Ans | A. Shares may not be converted into stock when fully paid up, but stocks may be offered as shares. | |
| B. Shares may or may not be fully paid, but stock must be fully paid. | ||
| C. Stock can be divided into smaller sections, each with a nominal value as desired, whereas shares are in units of share capital and have a set nominal value. | ||
| D. Shares can be issued directly, but stock cannot be issued directly. |
Correct Ans Provided: A
