What is the meaning of the word limited in the name of a limited company? (a) The

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What is the meaning of the word ‘limited’ in the name of a limited company?

(a) The number of shareholders is limited to 50.

(b) The liability of the company for its own debts is limited.

(c) The liability of shareholders for the company’s debts is limited.

(d) There is a limit on the amount of debts that the company can contract.

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Financial Accounting An International Introduction

ISBN: 9780273685203

2nd Edition

Authors: David Alexander

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Question Posted: Jun 11, 2024 01:04 AM

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What is the meaning of the word limited in the name of a limited company? (a) The

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Financial Accounting An International Introduction

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