Which of the Following Statements Is Correct

question 29

Multiple Choice

Which of the following statements is correct?

• A)Most companies see retained profits as the least likely source of finance.
• B)The law quite clearly specifies the size of the non-distributable portion of capital a firm must hold back.
• C)Preference capital redeemed by a company is always held in retained profits.
• D)A company is not allowed to acquire and hold its own shares.

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