Where There Is a Redemption of Preference Shares 'Out of Profit

question 60

Multiple Choice

Where there is a redemption of preference shares 'out of profit':

• A)The redemption is recorded in the appropriations section of the statement of comprehensive income.
• B)The redemption is recorded as an expense.
• C)The redemption is recorded as a liability and is amortised over a maximum of five years.
• D)The redemption is not recorded in the current period.

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Definitions:

Mating Preferences

The criteria or factors that individuals in a species use to assess and choose their potential reproductive partners.

Evolutionary Account

An explanation or theory that accounts for the development and diversification of living organisms through natural selection over time.

Cultural Account

A cultural account refers to an explanation or interpretation of an event, phenomenon, or behavior from the perspective of cultural influences and contexts.

Proximal

Situated nearer to the center of the body or the point of attachment.