A legal reserve such as operated in Germany and France is designed to: (a) Protect the shareholders.
Question:
A ‘legal reserve’ such as operated in Germany and France is designed to:
(a) Protect the shareholders.
(b) Set up a store of cash.
(c) Protect the creditors.
(d) Reduce tax payments.
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Related Book For 
Financial Accounting An International Introduction
ISBN: 9780273685203
2nd Edition
Authors: David Alexander
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