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Question
State true or false with reason.
Sweat shares are issued to public.
Options
True
False
MCQ
True or False
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Solution
This statement is False.
Sweat shares are issued by a company to its directors or employees at a discount or for consideration other than cash. Sweat shares are not issued to public.
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Is there an error in this question or solution?
Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 339]
