What is a dividend?
A) a payment made to members out of a company's distributable profits
B) any transfer of money between shareholders
C) payments to directors
D) any purchase of shares
Correct Answer:
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Q2: A company cannot offer financial assistance to
Q3: On winding up, which of the following
Q4: For the consequences of unlawful distributions the
Q5: What is the 'book value' of an
Q6: Which of the following is not considered
Q8: Which of the following is considered a
Q9: A company may purchase its own shares
A)
Q10: Under s.641-644 Companies Act 2006, which of
Q11: The principle of capital maintenance can be
Q12: What is the Cakes and Ale Case
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