Multiple Choice
Which of the following statements about the general reserve account is NOT true?
A) A transfer to this account may be used to indicate to shareholders that it is unlikely to be paid out in dividends.
B) Amounts can be transferred back from it to retained profits.
C) The general reserve account provides an indication of where funds are invested.
D) The general reserve account appears under shareholders' equity in the balance sheet.
Correct Answer:
Verified
Correct Answer:
Verified
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