Which of the Follow Methods Can Be Used to Redeem $\quad$

question 12

Multiple Choice

Which of the follow methods can be used to redeem redeemable preference shares:
I. $\quad$ by applying part of the balance of retained profits
II. $\quad$ by applying the proceeds of a new issue of preference shares issued for that purpose
III. $\quad$ by applying the proceeds of a new issue of ordinary shares issued for that purpose
IV. $\quad$ by applying the balance in the unallocated share capital - forfeited shares account

• A)I and IV only
• B)I, II and III only
• C)II and III only
• D)all of I, II, III and IV

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Definitions:

Project Team

A group of individuals with diverse skills and roles brought together to work on a specific project, and oriented towards achieving the project's objectives.

Overall Scheme

a comprehensive plan or strategy that outlines the main objectives and methods to achieve them, covering all aspects of a project or organization.

Team's Task

The specific duty, project, or challenge assigned to a group of individuals collaborating together.

Sports Teams

Organized groups of athletes who compete together in a specific sport.