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Mike,
I’ve just been looking at a couple of practice questions from the OT practice questions and I am at a loss as to why there is different treatment.
Bass and Said converts shares to nominal value yet Nice and Nancy does not….
Any chance you can explain?
Thanks
If they are practice questions, please give me a chapter reference
If they’re not practice questions, please give me a page number from the notes
Hmmm – here’s a lesson – which normally condenses to RTFQ
Bass and Said, the question says $50,000 50 cent equity shares
Nice and Nancy, the question says 50,000 50 cent equity shares
See the difference?
If not, post again
Yes, you’re right 50,000 not $50,000
I have just read the comments and I see this has been raised before.. So I am company, perhaps not good company…what’s a $ between friends eh?
I will read the question a little closer next time.
Thanking you!
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