Multiple Choice
Which of the following statements is correct?
A) Most companies see retained profits as the least likely source of finance.
B) The law quite clearly specifies the size of the non-distributable portion of capital a firm must hold back.
C) Preference capital redeemed by a company is always held in retained profits.
D) A company is not allowed to acquire and hold its own shares.
Correct Answer:
Verified
Correct Answer:
Verified
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