Which one of the following statements is not true:
A. Both shares and debentures of a company can be issued at a discount up to a maximum of 10%
B. Allotment of shares is done only when minimum subscription is received
C. Preference shares have priority over equity shares with regard to distribution of income
D. The Company cannot repurchase its own equity shares
Answer: Option D
This Question Belongs to Commerce >> Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Join The Discussion