Redeemable preference shares can be redeemed out of: (a). Amount realized on sale of current assets (b).

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Redeemable preference shares can be redeemed out of:

(a). Amount realized on sale of current assets

(b). Profits prior to incorporation

(c). Proceeds of fresh issue of shares

(d). Both b and c.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 04:47 AM

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Redeemable preference shares can be redeemed out of: (a). Amount realized on sale of current assets (b).

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Corporate Accounting

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