Which of the following statement is True for Preference shares? a. The company cannot raise funds unless it is authorized by the bank b. The company can raise only 50% of finance after it is approval c. The company can raise maximum 90% of finance after it is approval d. The company can raise funds if it is authorized by its articles for suc
Which of the following statement is True for Preference shares? a. The company cannot raise funds unless it is authorized by the bank b. The company can raise only 50% of finance after it is approval c. The company can raise maximum 90% of finance after it is approval d. The company can raise funds if it is authorized by its articles for suc
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following statement is True for Preference shares ?
a.
The company cannot raise funds unless it is authorized by the bank
b.
The company can raise only 50% of finance after it is approval
c.
The company can raise maximum 90% of finance after it is approval
d.
The company can raise funds if it is authorized by its articles for suc
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