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Commerce · Q1569

Accounting

Graduate and Post Graduate · Commerce · question 1569

Q1569

Unless otherwise stated, a Preference Share is always presumed to be

A.
cumulative, participating and non-convertible
B.
non-cumulative, non-participating and non convertible
C.
cumulative, non-participating and non convertible
Answer
D.
non-cumulative, participating and non convertible

Answer: Option C

Solution

Answer: Option C
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