Retirement of Shares

question 20

Multiple Choice

Retirement of shares:

• A) Is accounted for like SPLIT shares.
• B) Reduces the number of issued shares and is permissible under law if the interest of the shareholders is not jeopardized.
• C) Is not permissible under law if the interest of the shareholders is not jeopardized.
• D) Reduces the number of issued shares.
• E) All of these answers are correct.

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Definitions:

Upflow

The upward movement of fluid, air, or other substances, which can affect environmental conditions and processes, such as in aquifers or atmospheric phenomena.

Scoured

Describes the effect of being worn down or cleaned by fast-moving water or other fluids, often related to geological surfaces.

Permafrost

A condition in which water in the uppermost part of the ground remains frozen all or most of the time.

Ground

The solid surface of the Earth, where various geological and biological processes occur.