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Conversion of Preference Shares to Ordinary Shares Is Reported in the Financing

question 30

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Conversion of preference shares to ordinary shares is reported in the financing section of the statement of cash flows.


Definitions:

Laws of Supply and Demand

Economic principles stating that the price of a good is directly related to its availability (supply) and the desire for it (demand), with high demand and low supply leading to high prices, and vice versa.

Price

The sum of money needed to buy a product, service, or asset.

Buyer

A person or organization that buys products or services for private use or consumption.

Pope Paul VI

A former leader of the Catholic Church, known for his efforts in addressing societal changes and promoting peace.

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