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NEW QUESTION: 1
A. Option C
B. Option A
C. Option B
D. Option D
Answer: A
NEW QUESTION: 2
A. Option A
B. Option B
C. Option D
D. Option C
Answer: A
NEW QUESTION: 3
Which of the following is NOT a correct distinction between shares and debentures?
A. Both share and debenture holders are members of the company and entitled to vote.
B. If a company is in insolvent liquidation debenture holders are paid in priority to shareholders.
C. Unlike dividends, debenture interest must be paid, even if a company is trading at a loss.
D. Debenture interest is deductible from gross profit in order to determine taxable profit. Dividends are profits.
Answer: A
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