What is the meaning of cumulative dividend?
A) bonus payments made to shareholders
B) if any dividend is not paid, it accrues to the shareholder and is payable on the next payment date
C) the dividend without tax deducted
D) the dividend with tax deducted
Correct Answer:
Verified
Q3: What is the nominal value of a
Q4: Can class rights be varied?
A) yes
B) no
C)
Q5: What are class rights?
A) rights belonging to
Q6: What are redeemable shares?
A) shares giving the
Q7: What are preference shares?
A) shares giving the
Q9: The presumption of equality of shares means
Q10: The case of Colonial Bath v Whinney
Q11: A shareholder can sell his shares
A) with
Q12: Company profits can be distributed to shareholders
Q13: A company's share capital can
A) increase
B) decrease
C)
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