What is a major difference between a distributable reserve and a non-distributable reserve? (a) Non-distributable reserves can

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What is a major difference between a distributable reserve and a non-distributable reserve?

(a) Non-distributable reserves can be used to pay a dividend but distributable reserves cannot

(b) Non-distributable reserves can be used to pay company bills, but distributable reserves cannot

(c) Non-distributable reserves cannot be used to pay a dividend but distributable reserves can

(d) Non-distributable reserves all come from operating profits, distributable reserves all come from the shareholders

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:02 AM

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What is a major difference between a distributable reserve and a non-distributable reserve? (a) Non-distributable reserves can

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Accounting And Finance For Business

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