Preference shares may be classified as a liability,an equity item,or have features of both.Explain with examples,how to determine such a classification.

Name: Preference shares may be classified as a liability,an equity item,or have features of both.Explain with examples,how to determine such a classification.
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The Answer of Preference shares may be classified as a liability,an equity item,or have features of both.Explain with examples,how to determine such a classification.

Preference Shares May Be Classified as a Liability,an Equity Item,or