Which of the Following Types of Capital Reduction Are Not

question 4

Multiple Choice

Which of the following types of capital reduction are not expressly authorised by the Corporations Act?

• A)those following a share buyback
• B)cancellation of redeemable preference shares that have been redeemed out of profits
• C)those involving a cancellation of previously forfeited shares
• D)cancellation of paid-up capital that is lost or not represented by available assets

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Definitions:

President

The elected head of a republican state or the chief executive officer in certain other organizations, responsible for implementing and enforcing laws and policies.

Unemployed

Refers to individuals who are without a job but are available for and seeking employment.

Labor Force

The total number of people who are eligible and able to work, including both the employed and those seeking employment.

Discouraged Workers

People without jobs who have given up looking for work.