Read this report about the limited company.In most of the lines 34—35 there is one extra w

Read this report about the limited company.

In most of the lines 34—35 there is one extra word. It is either grammatically incorrect or does not fit in with the meaning of the text. Some lines, however, are correct.

If a line is correct, write CORRECT on your Answer Sheet.

If there is an extra word in the line, write the extra word in CAPITAL LETTERS on your Answer Sheet.

What Is An Limited Company

When a limited company has started for trading, you do not invest in shares by

giving more capital to the company. You buy for them from one of the shareholders.

34 If it is a public limited company, shares can be bought and sold freely, usually

35 at a Stock Exchange. If the company is doing well and paying high dividends,

36 then you might pay more than the face value of the shares. If what it is doing badly

37 you might pay less than the face value of the shares. The price you pay at the Stock

38 Exchange for your shares is their market value. If that the company fails, it will

39 stop trading and go into liquidation. This means that all the company's property and

40 equipment must be sold and the money from the sale will be used to pay for all

41 its debts. The shareholders may lose the money they paid for the shares. If the

42 company still does not have enough money to pay all its debts, the shareholders

43 do not have to pay any more money. In other words, the shareholders' liability for

44 debts is limited to the value of their shares. On the other hand, if when you are an

45 owner of a business, which is not limited, when business fails, you will go bankrupt

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